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PENTAMASTER (01665.HK) annual profit reached 0.107 billion ringgit, a decrease of 24.7% year-on-year.
Glory Exchange on February 25 announced that PENTAMASTER (01665.HK) released its annual performance. For the year ending December 31, 2024, the group's revenue was 622.4 million ringgit, a decrease of 10.0% compared to last year; net profit was 107.1 million ringgit, down 24.7% from the previous year. Cash and cash equivalents as of December 31, 2024, were 298 million ringgit, compared to 395.8 million ringgit last year. The decrease in profit was mainly due to reduced income in the ATE division, increased provisions for inventory and trade receivables, and higher research and development expenses.