Market Mover | EPB Rose Over 8% on Its IPO Debut

On August 16, EPB released its financial report for the second quarter, which ended on June 30. The report indicates that the company's revenue for the quarter reached 21 million. The net income attributable to stockholders was 2.6 million, with an earnings per share (EPS) of 0.86 sen.

About company: EPB Group Berhad is a company with over 30 years of experience in the food processing and packaging machinery industry. It consists of six subsidiaries that specialize in designing, customizing, fabricating, integrating, and automating production lines for companies involved in food manufacturing and processing. According to a report by Protégé Associates, EPB Group Berhad has secured a 5.8% market share in the Malaysian Food & Beverage (F&B) processing machinery industry as of 2023. The industry is anticipated to grow at a compound annual growth rate (CAGR) of 10.4%, expanding from RM1.90 billion in 2024 to RM2.84 billion by 2028.