17 May 2023
Pentamaster’s 1Q23 revenue increased 13.2% YoY from MYR146.0m in 1Q22 to MYR165.3m. Automated Test Equipment (ATE) segment revenue slightly declined 2.8% YoY to MYR111.2m on some delay in project delivery. Factory Automation Solutions (FAS) segment revenue surged 71.2% YoY to MYR54.1m on strong demand for process and assembly automation from medical devices segment. GPM narrowed 1.8ppt YoY to 28.7% in 1Q23 on additional bonus payment to retain talents. Net profit was MYR34.3m in 1Q23, up 3.5% YoY.