PETALING JAYA: SFP Tech Holdings Bhd is on track to register back-to-back record profits for its fourth quarter (4Q) as well as its financial year 2022 (FY22) after recording a stellar performance in 3Q22.
The integrated engineering and automation solutions provider, listed on Bursa Malaysia’s ACE Market on June 20, reported a core net profit of RM8mil in 3Q22, which was an 11% increase quarter-on-quarter (q-o-q), bringing its nine-month profit to RM24mil.
Hong Leong Investment Bank (HLIB) Research said SFP’s results came in above its expectations but within consensus, accounting for 78% and 75% of its and the consensus full-year forecasts, respectively.
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