PETALING JAYA: Econframe Bhd
expects the 70% stake acquisition of ETA World Sdn Bhd in January 2024 to bode well for the group.
In a filing with Bursa Malaysia, the door system solution provider said the acquisition represents an opportunity for the group to venture into construction services, specifically into industrial property.
For the second quarter ended Feb 29, 2024, Econframe registered a higher revenue of RM26.98mil and a profit of RM3.37mil.
Basic earnings per share for the quarter stood at 0.99 sen compared with 0.97 sen a year earlier.
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