THMY profit more than doubles on strong E&E demand
KUALA LUMPUR: Automated test solutions provider THMY Holdings Bhd kicked off its financial year 2027 on a strong footing, with first-quarter net profit more than doubling on robust demand from multinational customers.
KUALA LUMPUR: Automated test solutions provider THMY Holdings Bhd reported a more than doubling of its first-quarter net profit in FY27, driven by strong demand from multinational customers. For Q1 FY27, net profit rose 105.2% year-on-year to RM6.2 million, while revenue increased 42.5% to RM20.2 million. The growth was primarily due to sustained demand for the group's higher-complexity and value-added testing systems.
Pre-tax profit surged 113.7% to RM7.9 million, marking a 39.5% rise in net profit from RM4.5 million. THMY CEO Ooi Can Nix attributed the strong start to continued customer confidence in the company's engineering capabilities and automated test solutions. He expects healthy customer engagement and a robust project pipeline across key markets, citing the rapid adoption of AI, cloud computing, and other high-performance technologies.
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