KUALA LUMPUR: P.I.E Industrial Bhd (PIB) is expected to record firmer earnings in the coming quarters, given its strong order pipeline due to higher demand of end-products from consumers as the work-from-home culture persists.
In its first quarter ended March 31, the group posted record-high core net profit of RM12.1mil on the back of 161% jump in revenue.
Kenanga Research said the group’s first-quarter results reflect the strong orders from its recently secured customers and stable demand for end-products.
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