KUALA LUMPUR: EPB Group Bhd remains optimistic about the prospects for the second half of the financial year ending Dec 31, 2024 (FY24).
The one-stop food processing and packaging machinery solutions provider anticipates the completion of ongoing projects in the latter half of the year will contribute positively to the overall performance of the group.
EPB’s net profit stood at RM2.57mil, or earnings per share of 0.86 sen in the second quarter ended June 30 (2Q24), bringing its year-to-date net profit to RM4.3mil.
The group recorded a revenue of RM21.13mil in 2Q24, bringing its total revenue to RM39.21mil for the six-month to June 30.
“We are encouraged by our strong performance in the first half of FY2024, and we anticipate even better results in the second half as our some of our larger projects may take up to six months for delivery and completion,” managing director Yeoh Chee Min said in a statement.
“With a robust order book of RM97.48mil as at July 31, of which RM90.51mil is expected to be fulfilled and billed in FY24, we are confident in our ability to deliver continued growth.
“The positive response to our IPO further strengthens our position to capitalise on these opportunities, and we remain committed to driving sustainable growth and creating value for our stakeholders,” he said.
EPB Group is scheduled to make its debut on Bursa Malaysia Securities' ACE Market on August 23.
