APB Resources upbeat about prospects

TheStar Fri, Feb 23, 2024 08:00pm - 2 months View Original


KUALA LUMPUR: APB Resources Bhd remains positive about the outlook, not only within the core fabrication sector but also in the burgeoning semiconductor space.

“The industry's renewed capital investment, especially in fields where APB has deep-seated expertise like oleo-chemical, oil & gas, energy, and petrochemical sectors, combined with the strategic entry into the semiconductor domain through the acquisition of Globetronics Technology Bhd, positions the group to seize a spectrum of emerging opportunities,” APB said in a statement.

It added that the dual focus underscores APB's readiness to leverage the group’s established strengths while embracing new growth avenues.

For the quarter ended Dec 31, 2023 APB reported a revenue of RM20.5mil, an 8.1% increase from the immediate previous quarter. It recorded a profit after tax of RM600,000.

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