TAWIN 7097 Share Price

The Group has recorded a loss before tax of RM2.28 million as compared to RM12.89 million in the financial year ended 30 June 2021, representing an improvement of RM10.61 million or 82.31%. The improvement in revenue, profitability and gross profit margin were mainly due to the successful strategic plans such as increasing production capacity and capability to meet global demand and continued efforts in strengthening our downstream copper business in manufacturing of cable and wires. The Group is aiming progressively in taking on new ways of doing business by taking into consideration of the rapid
transformation in the end-wire and cable design and manufacturing industry whilst we will continue in our efforts to achieve operational excellence for all our existing businesses. The Group will also continuously make use of its extensive network in the industry to secure more business collaborations and investors participation

The Group recorded a lower loss before tax of RM3.7 million for the 3-month FPE 30 September 2021 as compared to a loss before tax of RM8.0 million in the immediately preceding quarter. The lower loss before tax is attributable to absence of one-off and non-recurring expenses from the immediately preceding quarter, albeit partially offset by lower production activities.

The Group recorded a higher loss before tax of approximately RM8.0 million compared to loss before tax of approximately RM0.4 million in the immediately preceding quarter. The increase in loss before tax was mainly due to lower gross profit margin ), the provision of custom claim of RM3.2 million and one-off corporate exercises expenses of RM1.4 million. In addition, the COVID-19 pandemic has also affected the business operations along the supply chain and consequently the Group’s financial performance following the imposition of Movement Control Order (“MCO”) 3.0 on 12 May 2021 and Full MCO on 1 June 2021.

Copper wires and rods manufacturer Ta Win Holdings Bhd will be investing up to RM20mil to establish the first local privately-owned electron beam irradiation plant in Malaysia. Ta Win said its subsidiary, Cyprium Wire Technology Sdn Bhd (CWT), had entered into a sales and consultancy agreement with CGN Dasheng Electron Accelerator Technology Co Ltd (CGN Dasheng) to purchase the electron beam irradiation systems from CGN Dasheng for US$1.03mil

Copper products maker Ta Win Holdings Bhd plans to acquire about 30% of Royce Pharma Manufacturing Sdn Bhd, according to sources. Incorporated in April 2004, Royce Pharma is a pharmaceutical manufacturing firm based in Nilai, Negeri Sembilan. According to the healthcare company’s website, it is fully equipped with state-of-the-art facilities for formulation in R&D, manufacturing of both pilot and commercial batches, warehousing and distribution as well as sales and marketing of pharmaceutical products.

The Group’s revenue for the current quarter decreased by 68.2% from RM63.266 million to RM37.620 million as compared to preceding quarter. The decrease in revenue was mainly due to delivery as a result of the disruption to the businesses in the local and oversea markets due to the effect of the Covid-19 pandemic. The Group recorded a 62.6% enlarged in loss before tax from RM3.249 million in the preceding quarter to RM5.283 million in the current quarter. The increase in the loss before tax was mainly due to the lower revenue and sunk cost.