Cape EMS Berhad, announced its financial results for the third quarter reporting an increase in revenue from RM130 million to RM136.0 million, a 4.6% rise compared to the same quarter in the previous year. PBT and PAT were 23.9% and 46.5% despite a modest 4.6% growth in revenue.
This it said was attributed to a more profitable product mix, emphasizing higher value-added engineered manufacturing services.
In a cumulative assessment over nine months, Cape EMS’s revenue was RM395.1 million, marking a significant 23.6% increase over the preceding year’s figure of RM319.6 million. PBT and PAT also experienced notable growths of 45.6% and 58.0%, reaching RM45.1 million and RM38.9 million, respectively. Notably, after adjusting for one-time listing expenses, the cumulative PAT outpaced the entire previous year’s figure by 74.8%.
Cape EMS have also declared a second interim single-tier dividend of 0.55 sen per ordinary share for the financial year ending 31 December 2023, amounting to RM5.1 million which is to be paid on 2 February 2024 to the shareholders whose names appear in the Record of Depositors on 19 January 2024.
