MTEC Declared 0.39 Dividend ,Techical Analysis Golden Cross
$MTEC (0295.MY)$ registered a net profit of RM8.70 million in the second quarter (Q2) ended June 30, 2024 driven by the continued demand for its low-voltage power cables.
$MTEC (0295.MY)$ revenue stood at RM72.9 million while pre-tax profit was RM8.8 million, which marked the highest quarterly profit since its listing on the ACE Market in January 2024.
$MTEC (0295.MY)$ solid performance in Q2 FY2024 was primarily driven by the continued demand for its low-voltage power cables, which accounted for RM69.0 million, or 94.73 per cent, of the total revenue.
$MTEC (0295.MY)$ declared a single-tier dividend of 0.390 sen per share in Q2 FY2024.
For the six-month period ended June 30, 2024, Master Tec recorded a net profit of RM 13.69 million with cumulative revenue of RM140.0 million, further cementing its status as a leading player in the industry.
For the six-month period ended June 30, 2024, Master Tec recorded a net profit of RM 13.69 million with cumulative revenue of RM140.0 million, further cementing its status as a leading player in the industry.
$MTEC (0295.MY)$ chief executive officer Tee Kok Hwa said this milestone is a clear reflection of the company's dedication and the trust its customers place in their products.
$MTEC (0295.MY)$ Techical Analysis uptrend Golden Cross , Support RM 1.05 , Resistance RM 1.20 & Target RM 1.30
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