KUALA LUMPUR: Construction engineering solutions and services as well as trading and distribution of building materials company, Plytec Holding Berhad, in announcing its third quarter results for the financial year ending Dec 31, 2023 (Q3FYE2023), recorded an unaudited profit before tax (PBT) and profit after tax (PAT) of RM6.2 million and RM4.4 million respectively on the back of a RM45.6 million revenue.
For the cumulative 9-month period ended Sept 30, 2023, the unaudited revenue, PBT and PAT were RM123.1 million, RM12.9 million and RM9.6 million respectively.
Plytec’s domestic clients accounted for approximately RM119.9 million whereas its overseas clients from Singapore and Thailand contributed RM3.2 million in revenue.
Plytec is scheduled to be listed on the ACE Market of Bursa Malaysia Securities Berhad on Nov 15, 2023.
Plytec Group managing director/CEO Yang Kian Lock said, “We are pleased with our financial results for the third quarter of 2023. Thus far in 2023, we have made significant capital expenditure to expand our rental assets portfolio and focus on our digital design and engineering segment, as we anticipate these endeavours to contribute positively to our financial performance in the future. The team has worked relentlessly to continuously secure new customers, with a notable addition of the Sarawak Economic Development Corporation for setting up a digital ecosystem in Sarawak to facilitate the digital transformation of the state into a smart city.”
Furthermore, he added Plytec also recently expanded its presence into Hungary in Europe.
“We are confident that we will be able to elevate Plytec to greater heights and are capable of reflecting even better financials in the future,” he said
