Pantech Global's Q2 earnings soar 90pct
KUALA LUMPUR: Pantech Global Bhd’s net profit soared 89.5 per cent to RM19.33 million in the second quarter ended Aug 31, 2026 (Q2 FY27), from RM10.2 million a year earlier.
Pantech Global Bhd reported a staggering 89.5% increase in net profit to RM19.33 million in the second quarter of FY27, up from RM10.2 million in the same period last year. The company's steel pipe and fittings division cited higher selling prices, a more favorable product mix, and better operating leverage as key contributors to this impressive turnaround.
Despite facing tariffs and rising costs for raw materials and energy, Pantech's revenue grew by 36.9% to RM173.71 million, outpacing its Q1 figure by the same margin. Earnings per share also jumped to 2.27 sen from 1.20 sen a year ago. For the first half of the year, Pantech's net profit climbed by 60.6% to RM35.69 million, while revenue increased by 32% to RM333.39 million.
The company announced a first interim dividend of 2.2 sen per share, payable on December 16. Pantech's managing director, Adrian Tan, attributed the strong performance to a delicate balance between sales growth and profitability. He expressed optimism about the second half of FY27, expecting even better results driven by robust demand in key sectors and continued focus on pricing, cost management, and efficiency.
However, Tan cautioned about the potential impact of geopolitical uncertainties, trade policies, and fluctuating raw material prices on market demand and margins.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
