KUALA LUMPUR: Pipes and valves maker Pantech Group Holdings Bhd
said new shipment of carbon steel products to the US boosted its revenue in the third quarter, but profit fell on weaker contribution from its trading division.
The group, in a filing with Bursa Malaysia today, said it sees opportunities to strengthen both local and overseas business amid positive development in the oil and gas industry.
Net profit in the third quarter ended Nov 30 slipped to RM10.3mil compared with RM11.2mil made a year a year ago.
Revenue rose 8% to RM165.5mil.
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