{
  "id": 1733790,
  "title": "Master Tec's Q2 net profit jumps 21.5pct",
  "url": "https://urgent.news/2026/08/18/master-tecs-q2-net-profit-jumps-21-5pct",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T13:51:49.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1514037/master-tecs-q2-net-profit-jumps-215pct"
  },
  "original_language": "en",
  "account": "Master Tec Group Bhd reported a notable increase in its net profit and revenue for the second quarter ended June 30, 2026, compared to the same period a year earlier. The company's net profit rose 21.5 percent to RM8.41 million, driven by a 34.04 percent surge in revenue to RM140.50 million. The six-month period saw a similar upward trend, with net profit reaching RM13.81 million and revenue growing to RM231.66 million, a 32.33 percent increase from RM175.06 million in the previous six months. Managing Director Datuk Lau Kim San attributed the significant improvement to the recovery in business activities following the festive season and sustained demand for cable products across key sectors. Lau emphasized the company's ongoing commitment to enhancing operational efficiency, production capabilities, and product quality.",
  "summary": "KUALA LUMPUR: Master Tec Group Bhd’s net profit rose 21.5 per cent to RM8.41 million in the second quarter (Q2) ended June 30, 2026 from RM6.92 million a year ago.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}