HLIB Research notes that ITMAX would likely be able to expand its reach to another 11 districts in Johor.
PETALING JAYA: ITMax System Bhd
is looking to continue its growth by expanding its service offerings and expanding into other geographical territories and segments.
While the group continues to deliver on its ongoing project and plots its mid and long term growth, it said in a Bursa Malaysia filing that inflationary pressure amid volatile energy prices and disrupted supply chains remain threats to the local and global economy.
For the third quarter ended Sept 30, 2024, Itmax’s net profit rose to RM22.11mil from RM16.31mil in the previous corresponding quarter, while revenue improved to RM58.02mil from RM39.06mil a year earlier.
Itmax said its higher revenue was driven primarily by its digital infrastructure solutions and supply, installation and maintenance services divisions.
Basic earnings per share stood at 2.15 sen versus 1.58 sen previously.
For the nine-months period ended Sept 30, 2024, Itmax’s net profit rose to RM59.30mil from RM46.61mil in the previous corresponding period, while revenue grew to RM157.10mil from RM107.09mil previously.
