Ge-Shen Corporation Bhd shareholders have approved all resolutions tabled at the group’s AGM, including dividend-related matters, director re-elections, auditor re-appointment, share issuance authority and renewal of share buy-back mandate.
During the AGM, the group management presented its audited financial statements for FY25, reporting revenue of RM364.87 million, up 32.7% from RM275.07 million in FY24, while profit after tax rose to RM30.72 million from RM12.83 million previously.
The management shared that the improved performance was driven by stronger contributions from higher-value manufacturing segments, operational efficiencies and ongoing execution of its transformation strategy into a higher-margin engineering solutions provider.
Ge-Shen Chief Executive Officer cum Executive Director Dr Adrian Foong Hong Nian said its expansion into electronics manufacturing services (EMS), increased assembly-driven operations, and growing exposure to artificial intelligence (AI)-related and data centre applications have strengthened its positioning in advanced manufacturing markets.
“A key strategic milestone highlighted was the increased stake in Local Assembly Sdn Bhd, which is expected to enhance EMS integration, boost earnings contribution and deepen participation in higher-value production activities,” he shared.
Looking ahead, he highlighted that the group will continue focusing on growth opportunities in AI, cloud computing, data centres, semiconductors, medical devices and industrial automation.
