Cnergenz Registers RM36.9 Million Revenue For Q1 In Its First IPO Announcement

Cnergenz registered revenue of RM36.9 million for 1QFY2022, this was primarily contributed from the sales of standalone surface mount technology machines and equipment constituting 60.9% of its total revenue.

Profit before tax came in at RM4.87 million, achieving net profit of RM3.64 million for the period. After excluding one-off expenses relating to the initial public offering amounting to RM0.16 million incurred during the period, the Company’s PBT and PAT stood at RM5.03 million and RM3.80 million, respectively.

Chief Executive Officer Mr. Lye Yhin Choy said, “Manufacturing activities remained robust in 1QFY2022 leading to the continued demand for our integrated solutions in the electronics and semiconductor (“E&S”) industries. We have also seen a rise in demand for smart factory solutions as customers look to automation to solve manpower woes.”

“We will continue with our plans that we have shared in the run-up to our listing, including the expansion of our facility to enable us to scale up our operations, as well as strengthening our R&D activities to develop new and innovative integrated systems and solutions to the market.

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