KUALA LUMPUR: Off the back of a strong set of earnings, T7 Global Bhd
is confident about its future prospects given the improvement in the oil and gas and aviation industries.
"We have an established presence in the energy sector and we will continue offering innovative solutions to our customers while continuously aligning our activities in accordance with the ESG framework," it said in a statement.
In addition, the energy solutions provider said it remains optimistic over its construction and aerospace divisions.
It said it expects the positive momentum of the two divisions to continue, particularly on the commencement of the baggage handling system (BHS) asset replacement programme for KL International Airport this year.
For the fourth quarter ended Dec 31, 2022, the group recorded a net profit of RM11.33mil, more than 3.5 times the net profit of RM3.17mil in the previous corresponding quarter.
The group's earnings per share rose to 1.53 sen from 0.85 sen in the comparative quarter.
Revenue meanwhile rose to RM170.41mil from RM134.46mil.
Over the course of the 2022 financial year, net profit nearly doubled to RM20.26mil from RM10.56mil while revenue rose to RM365.65mil from RM305.5mil.
"The strong results achieved in 2022 are a testament to the effort and strategic investments throughout the years which enabled the group to advance to the next phase of growth.
"I would like to thank all of our stakeholders for their continuous support and efforts in making this possible," said group CEO Tan Kay Zhuin.
