Pentamaster to prioritise sustainability
PETALING JAYA: Pentamaster Corp Bhd will prioritise sustainability as it approaches product, geographical and segment diversification.

In a note to Bursa Malaysia yesterday, the automation manufacturer said despite it registering some contraction in its current order book for the quarter, it is optimistic about the second half of the year.

“There are some positive tailwinds appearing, especially in the new compound and high-performance semiconductor devices that are required in generative artificial intelligence, data centres and automotive segments,” the group said.

Right now, the medical device segment holds the largest share of its order book and revenue momentum, followed by automotive owing to its diversification strategies.

Pentamaster also said it will focus its resources on product development and talent upskilling in facing the start of a new cyclical upswing in the current technology market centering on artificial intelligence, automotive and medical devices.

For its first quarter ended March 31, 2024, Pentamaster Corp recorded a lower net profit of RM19.38mil compared to RM21.27mil.

Its revenue however was higher at RM170.79mil for the quarter under review compared to RM165.31mil for the same quarter last year.
Corporate News,Pentamaster