KUALA LUMPUR: Automotive upholstery maker Pecca Group Bhd
will continue to expand and diversify into new markets across its four key pillars in the current financial year ending June 30, 2025 (FY25).
The four pillars are original equipment manufacturer, replacement equipment manufacturer, aviation, and emerging ventures. In the fourth quarter ended June 30, Pecca’s net profit jumped 44.6% to RM14.6mil compared to RM10.1mil in last year’s corresponding period.
Revenue for the quarter rose to RM55mil against RM54.3mil a year ago while earnings per share climbed to 1.94 sen from 1.34 sen previously. Its net profit margin for the quarter stood at 26.5%, a 42.7% jump from last year’s corresponding period.For the full FY24, Pecca posted a historical record net profit of RM55mil, up 55.4% from RM35.4mil in FY23.
The surge in profit was mainly driven by higher production cost efficiency, in addition to sustained demand for the group’s products and services.
