Pentamaster says 5G to drive test equipment demand, Q1 profit soars

TheStar Wed, May 15, 2019 05:59pm - 4 years View Original


KUALA LUMPUR: Automated testing equipment maker Pentamaster Corp Bhd is optimistic about its prospects this year after the company reported its fourth straight  quarters of rising net profit.

The company demand remained strong considering the size of its outstanding secured orders, it said in a filing with Bursa Malaysia today.

"Both automated equipment and automated manufacturing solution segments should see growth momentum driven by the adoption of 5G in the telecommunications and automotive sectors as well as the prevalence of Industry 4.0 revolution in the consumer and industrial products segment," the company said.

For the first quarter ended March 31, Pentamaster made a net profit of RM19.56mil compared with RM7.2mil registered a year ago.

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