Kobay profit jumps 73pct on revenue growth
KUALA LUMPUR: Kobay Technology Bhd's net profit surged 73.3 per cent to RM18.65 million for the first quarter ended Sept 30, 2026 (Q1 FY27) from RM10.76 million in the corresponding quarter last year.
KUALA LUMPUR: Kobay Technology Bhd reported a remarkable 73.3% increase in net profit to RM18.65 million for the first quarter of FY27, compared to RM10.76 million in the previous year's quarter. The company's revenue growth of 17.5% to RM130.24 million also marked a significant milestone, up from RM110.88 million in the same period last year.
The solid performance was primarily attributed to the engineering solutions provider's manufacturing division, which saw a 33.7% year-on-year revenue surge to RM96.3 million, making up 73.9% of the group's total revenue. This division's profit jumped 70.5% to RM21 million, with the higher sales mix of premium products playing a key role.
Kobay's Managing Director and CEO, Datuk Seri Koay, highlighted that the company had achieved its highest quarterly net profit since its listing, surpassing the previous peak of RM15.1 million recorded in Q3 FY22. The company's strong order book from the semiconductor industry bodes well for future performance, and Kobay aims to enhance capacity utilization, operational efficiency, and cost optimization while pursuing new customer opportunities and expanding its product and service offerings.
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