PNEPCB 6637 Share Price

Our Group recorded a lower LAT of RM12.6 million for FYE 31 March 2023 as compared to LAT of RM20.7 million for FYE 31 March 2022. This was due to the higher GP for FYE 31 March 2023 and lower general and administrative expenses for the current financial year. Our profitability is largely impacted by fluctuations in copper prices, as copper clad laminate cost represents more than 70% of our Group’s cost of sales. This has a material impact on our GP margin. In this respect, we have entered into agreements with our customers to adjust our selling price based on the prevailing market price. Moving forward, our Group will constantly monitor copper prices and our inventory position so as to mitigate the impact of adverse copper price movements. For our venture in Glove Business, our Group has yet to commence the manufacture and sale of rubber gloves in view of the decline in the average selling price of gloves

The Group recorded an increase of 13.23% in its revenue of RM26.806 million for current quarter against RM23.675 million for the immediate preceding quarter. The Group recorded LBT and LAT of RM2.489 million respectively for the current quarter, as compared to LBT and LAT of RM2.695 million respectively in the immediate preceding quarter. A lower loss in current quarter was mainly due to increase of revenue and lower of operating cost. There are a slight improvement on the Operating profit in the current quarter which have shown a positive outcome from the adjustment of the group selling prices to the customers and had been effective.

The Group recorded LBT and LAT of RM15.172 and RM15.187 million respectively for the current quarter ended 31 Mar 2022, as compared to LBT and LAT of RM2.360 million respectively in the immediate preceding quarter ended 31 Dec 2021. The increased loss is mainly due to higher cost of operation and slowdown of sales in Malaysia and China in month of February 2022 due to Chinese New Year holidays, shortage of IC Chips which affected customers’ purchase orders, as well as the increasing cost of copper clad laminates

The Group recorded LBT and LAT of RM1.843 million respectively for the current quarter ended 30 Sep 2021, as compared to LBT and LAT of RM1.296 million respectively in the immediate preceding quarter ended 30 Jun 2021. The increased loss is mainly due to higher cost of operation and slowdown of sales in Malaysia due to Covid-19 movement control order as well as the increasing cost of copper clad laminates (CCL).

Group recorded LBT and LAT of RM2.575 million and RM2.611 million respectively for the current quarter ended 31 Mar 2021, as compared to LBT and LAT of RM1.001 million respectively in the immediate preceding quarter ended 31 Dec 2020. The increased loss is mainly due to the continuous increase of copper price which lead to the increase of laminate cost. The Group had managed to negotiate and got the approval from customers to absorb the material cost up into the total selling price from PNE and the impact will be accounted into the revenue of 1st quarter, financial year 2022

Stocks to watch on Friday include PNE PCB Bhd, according to JF Apex Research. Circuit board maker PNE PCB is venturing into the rubber gloves manufacturing and distribution space. The group plans to set up five production lines with each making approximately 300 million pieces per year.

The Group recorded LBT of RM1.228 million as compared to LBT of RM0.750 million in the immediate preceding quarter ended 31 Mar 2020. The increased loss is mainly due to higher cost of operation and slowdown of sales in Malaysia due to Covid-19 lockdown

The Group recorded a higher revenue of RM17.147 million, increase of RM0.593 million as compared to preceding quarter ended 30 Sep 2019. The Group recorded LBT of RM0.673 million for current quarter as compared to LBT of RM2.093 million in preceding quarter. A lower loss in current quarter was mainly due to lower operating cost such as reduction on purchase of material, labour cost and higher interest income.