{
  "id": 5333914,
  "title": "ACE-market bound GTA posted RM4mil net profits",
  "url": "https://urgent.news/2026/09/03/ace-market-bound-gta-posted-rm4mil-net-profits",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T13:05:01.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1525185/ace-market-bound-gta-posted-rm4mil-net-profits"
  },
  "original_language": "en",
  "account": "GTA Holdings Bhd reported a net profit of RM4.03 million in the second quarter ending June 30, 2026, as the company prepares for its listing on the ACE Market on September 8, 2026. The company's revenue for the quarter was RM54.39 million, with major contributions coming from in-service-support, availability service packages, and power-by-the-hour preventive service packages, as well as corrective maintenance sub-contracted to the original equipment manufacturer and sales of aviation equipment upon milestone revenue recognition of a floating stocks contract with the Defence Ministry Service Branch.\n\nFor the six-month period, GTA Holdings reported a net profit of RM15.97 million and revenue of RM144.08 million. The company maintains a positive outlook for the remainder of the financial year, driven by the upcoming contractual milestone billing for Fixed-wing Engine 1 under its floating stocks contract and a backlog of corrective maintenance jobs to be delivered to its customers.\n\nLooking ahead beyond the current financial year, GTA Holdings' forward order book is bolstered by a long-term availability support package contract. Additionally, the company's in-service support contract is currently undergoing a government renewal process and is expected to encompass an expanded service scope for maintenance requirements of Fixed-wing Engine 1 for the ministry's Service Branch 1.",
  "summary": "KUALA LUMPUR: GTA Holdings Bhd, which is on its way for a listing on the ACE Market on Sept 8, posted a net profit of RM4.03 million in the second quarter ended June 30, 2026.",
  "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."
}