PMBTECH 7172 Share Price

Profit after tax for the FY22 was RM110.4 million represents a 28% decrease from the previous year (2021: RM152.8 million). This decrease is mainly due to the correction from the exceptionally high metallic silicon price in the previous year. The plant expansion which is expected to be completed by third quarter 2023 plays an important role in the production by the way of cost reduction and increase operational efficiency when it comes to leveraging work force and raw material management, especially during routine maintenance of the plant. In terms of the procurement, the Group will be able to secure larger quantities of raw materials at a lower price to remain competitive in the global market. In the longer run, the Group is optimistic about achieving a greater economy of scale in production. Besides that, automation of certain production processes was also one of the Group’s approaches to sustain in this relatively tight labour market. In terms of ESG, the Group will continue to improve and play its role as a green manufacturer by aligning our core values in achieving net zero emissions by 2050 without compromising the Group’s overall performance.

The Group recorded a revenue of RM260.2 million in the current quarter, representing a decrease by 14% as compared to RM302.0 million in the preceding quarter. The decrease was mainly due to lower metallic silicon selling price and quantity during the current quarter under review. Lower revenue coupled with higher operating cost, the PBT decreased by 38% from RM68.6 million to RM42.8 million.

The Group’s PBT surged from RM34.3 million to RM134.9 million, mainly due to higher metallic silicon price after offsetting higher raw materials cost and operating expenses.

The Group’s PBT increased from RM9.8 million to RM14.5 million, mainly due to higher metallic silicon price after offsetting higher operating expenses.

The Group’s revenue decreased by 52% or RM90.7 million from RM175.6 million to RM84.9 million. The decrease was mainly attributable to lower revenue contributed by both segments resulted from the COVID-19 pandemic lockdown in Q2/20. In tandem with lower revenue, the Group’s PBT decreased by RM2.2 million from RM3.8 million to RM1.6 million

In Financial Year End 2019, the directors’ remuneration was 2.09 million. It was slightly low compared to average in listed companies, considering the employees’ remuneration of 49.6 million and auditor’s remuneration of 328 thousands

The Group’s revenue increased by RM14.0 million from RM112.7 million to RM126.7 million. The increase was mainly attributable to the higher contribution from Construction and Fabrication segment and the inclusion of revenue from the new metallic silicon plant. In line with higher revenue, the Group’s PBT increased by RM2.2 million from RM5.9 million to RM8.1 million.