Pantech to strengthen operations

PETALING JAYA: Pantech Group Holdings Bhd will prudently continue to strengthen its existing revenue generating businesses and productivity.

In a filing with Bursa Malaysia, the group said net profit for the third quarter ended Nov 30, 2023, dipped to RM21.15mil from RM34.66mil in the previous corresponding period, mainly due to lower earnings from its trading and manufacturing divisions.

Revenue dipped to RM221.44mil from RM299.94mil a year earlier, while basic earnings per share stood at 2.55 sen versus 4.22 sen previously.