Betamek Reports RM4.65 Million Net Profit As It Readies For ACE Market Listing

from left to right: 1. Encik Fauzi Ghani, Executive Director, Betamek Berhad; 2. Encik Ahmad Subri Abdullah, Independent Non-Executive Chairman, Betamek Berhad; 3. Encik Mirzan Mahathir, Managing Director of Betamek Berhad; 4. Datuk Bill Tan, Managing Director of Corporate Finance, M&A Securities Sdn Bhd; and 5. Mr Gary Ting, Head of Corporate Finance, M&A Securities Sdn Bhd.

Betamek Berhad which is slated to be listed on the ACE Market of Bursa Malaysia Securities Berhad on 26 October 2022, posted a net profit of RM4.65 million on the back of revenue of RM48.60 million for its second quarter ended 30 September 2022. 

The Company’s earnings per share (EPS) for the quarter was 1.22 sen. 

For the cumulative 6 months ended 30 September 2022 (1HFY2023), Betamek achieved a net profit of RM8.90 million on revenue of RM95.03 million. EPS stood at 2.33 sen. 

No comparative figures were available as it was the first interim financial report released by the Company in relation to its earnings, in compliance with the listing requirements.

Encik Mirzan Bin Mahathir, Managing Director of Betamek said revenues for its 2QFY2023 and 1HFY2023 came mainly from its vehicle audio and visual products segment which accounted for RM38.27 million and RM75.00 million, representing 78.74% and 78.92% of the quarterly and cumulative revenues, respectively. 

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