Betamek's Q2 net profits fell 32pct; declares 1.25 sen dividend per share
KUALA LUMPUR:Betamek Bhd's net profit fell 32.1 per cent in the second quarter ended Sept 30, 2026, at RM7.1 million, from RM10.4 million a year ago, due to higher operating expenses and lower margins.
Betamek Bhd reported a 32.1% decrease in net profit for the second quarter of 2026, dropping to RM7.1 million from RM10.4 million the previous year. The decline was attributed to higher operating expenses and lower profit margins. Despite the profit dip, the company declared a second interim dividend of 1.25 sen per share, payable on December 7, bringing the cumulative dividend for the financial year ending 2027 to 2.50 sen per share.
Revenue for the quarter rose by 12.44% to RM81.49 million, largely due to higher export sales. The profit before tax (PBT) fell 25.7% to RM9.3 million, with the gross profit margin decreasing to 16.7% due to a shift in product mix favoring lower-margin exports. Net profit for the first half of 2026 decreased by 3% to RM15.30 million, while revenue increased by 24.7% to RM161.31 million, driven by a 76.5% rise in export sales.
Betamek's executive director, Muhammad Fauzi Abd Ghani, emphasized the company's resilience and focus on technological advancements and manufacturing standards.
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.
