Reported Earnings • Jul 29
Full year 2026 earnings released: EPS: RM0.07 (vs RM0.058 in FY 2025) Full year 2026 results: EPS: RM0.07 (up from RM0.058 in FY 2025). Revenue: RM160.1m (up 28% from FY 2025). Net income: RM13.6m (up 21% from FY 2025). Profit margin: 8.5% (down from 9.0% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jul 27
Resintech Berhad, Annual General Meeting, Aug 26, 2026 Resintech Berhad, Annual General Meeting, Aug 26, 2026, at 09:00 Singapore Standard Time. Location: concorde hotel shah alam, orchid room, level 1, no. 3, jalan tengku ampuan zabedah, 40100 shah alam, selangor darul ehsan, Malaysia Buy Or Sell Opportunity • Jul 13
Now 20% overvalued Over the last 90 days, the stock has fallen 3.2% to RM0.46. The fair value is estimated to be RM0.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 53%. Buy Or Sell Opportunity • Jun 25
Now 20% overvalued Over the last 90 days, the stock has fallen 3.3% to RM0.45. The fair value is estimated to be RM0.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 53%. Upcoming Dividend • Jun 11
Upcoming dividend of RM0.02 per share Eligible shareholders must have bought the stock before 18 June 2026. Payment date: 03 July 2026. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of Malaysian dividend payers (5.3%). Higher than average of industry peers (2.2%). Reported Earnings • May 31
Full year 2026 earnings released: EPS: RM0.07 (vs RM0.058 in FY 2025) Full year 2026 results: EPS: RM0.07 (up from RM0.058 in FY 2025). Revenue: RM161.6m (up 29% from FY 2025). Net income: RM13.5m (up 20% from FY 2025). Profit margin: 8.4% (down from 9.0% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • May 30
Resintech Berhad Announces Interim Single-Tier Dividend for the Financial Year Ended March 31, 2026, Payable on July 3, 2026 Resintech Berhad announced interim single-tier dividend of 2 sen per ordinary share for the financial year ended March 31, 2026. Ex-Date is 18 June 2026. Entitlement date is 19 June 2026. Payment Date is 03 July 2026. Reported Earnings • Jan 21
Third quarter 2026 earnings released: EPS: RM0.022 (vs RM0.014 in 3Q 2025) Third quarter 2026 results: EPS: RM0.022 (up from RM0.014 in 3Q 2025). Revenue: RM46.9m (up 39% from 3Q 2025). Net income: RM4.23m (up 52% from 3Q 2025). Profit margin: 9.0% (up from 8.2% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 27
Second quarter 2026 earnings released: EPS: RM0.012 (vs RM0.011 in 2Q 2025) Second quarter 2026 results: EPS: RM0.012 (up from RM0.011 in 2Q 2025). Revenue: RM33.1m (flat on 2Q 2025). Net income: RM2.26m (up 6.9% from 2Q 2025). Profit margin: 6.8% (up from 6.3% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 10
Upcoming dividend of RM0.013 per share Eligible shareholders must have bought the stock before 17 September 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Malaysian dividend payers (5.5%). In line with average of industry peers (2.5%). New Risk • Aug 05
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 115% Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (RM105.0m market cap, or US$24.8m). Announcement • Jul 30
Resintech Berhad, Annual General Meeting, Aug 28, 2025 Resintech Berhad, Annual General Meeting, Aug 28, 2025, at 09:00 Singapore Standard Time. Location: concorde hotel shah alam, grand patio, level 2, no. 3, jalan tengku ampuan zabedah, 40100 shah alam, selangor darul ehsan, Malaysia Reported Earnings • May 31
Full year 2025 earnings released: EPS: RM0.058 (vs RM0.031 in FY 2024) Full year 2025 results: EPS: RM0.058 (up from RM0.031 in FY 2024). Revenue: RM125.1m (up 18% from FY 2024). Net income: RM11.3m (up 88% from FY 2024). Profit margin: 9.0% (up from 5.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Kim Pook was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 28
Third quarter 2025 earnings released: EPS: RM0.014 (vs RM0.006 in 3Q 2024) Third quarter 2025 results: EPS: RM0.014 (up from RM0.006 in 3Q 2024). Revenue: RM33.7m (up 28% from 3Q 2024). Net income: RM2.78m (up 136% from 3Q 2024). Profit margin: 8.2% (up from 4.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 30
Second quarter 2025 earnings released: EPS: RM0.011 (vs RM0.009 in 2Q 2024) Second quarter 2025 results: EPS: RM0.011 (up from RM0.009 in 2Q 2024). Revenue: RM33.4m (up 21% from 2Q 2024). Net income: RM2.11m (up 25% from 2Q 2024). Profit margin: 6.3% (up from 6.1% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Announcement • Sep 11
Resintech Berhad announced that it has received MYR 2 million in funding Resintech Berhad announced a private placement that it has issued 2,000,000 new ordinary shares at an issue price of MYR 1 per share for the gross proceeds of MYR 2,000,000 on September 9, 2024. The transaction included participation from individual investors such as How Kim Huay for 400,000 shares and Yap Cheng Hwa for 1,600,000 shares. The transaction has been approved by the board of directors of the company. Announcement • Aug 17
Resintech Berhad (KLSE:RESINTC) completed the acquisition of Forward Metal Works Sdn. Bhd. from Fornix Sdn. Bhd. Resintech Berhad (KLSE:RESINTC) agreed to acquire Forward Metal Works Sdn. Bhd. from Fornix Sdn. Bhd. for MYR 5.4 million on April 1, 2024. The consideration consists of MYR 0.1078 million being 2% deposit of the Purchase Price paid on February 9, 2024. MYR 0.4312 million being 8% deposit of the Purchase Price paid on March 11, 2024. The balance of MYR 4.851 million being 90% of the Purchase Price shall be fully paid to Fornix within 30 days from the agreement date. The proposed acquisition is expected to be completed on August 31, 2024.
Resintech Berhad (KLSE:RESINTC) completed the acquisition of Forward Metal Works Sdn. Bhd. from Fornix Sdn. Bhd. on August 16, 2024. Following the completion of the Proposed Acquisition, Forward Metal Works Sdn. Bhd. becomes a wholly-owned subsidiary of Resintech. Reported Earnings • Aug 05
Full year 2024 earnings released: EPS: RM0.031 (vs RM0.005 in FY 2023) Full year 2024 results: EPS: RM0.031 (up from RM0.005 in FY 2023). Revenue: RM106.0m (up 18% from FY 2023). Net income: RM6.02m (up RM5.02m from FY 2023). Profit margin: 5.7% (up from 1.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Jul 31
Resintech Berhad, Annual General Meeting, Sep 03, 2024 Resintech Berhad, Annual General Meeting, Sep 03, 2024, at 09:00 Singapore Standard Time. Location: concorde hotel shah alam, orchid room, level 2, no. 3, jalan tengku ampuan zabedah, 40100 shah alam, selangor darul ehsan, Malaysia Buy Or Sell Opportunity • Jun 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.6% to RM0.56. The fair value is estimated to be RM0.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has declined by 18%. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: RM0.031 (vs RM0.005 in FY 2023) Full year 2024 results: EPS: RM0.031 (up from RM0.005 in FY 2023). Revenue: RM106.0m (up 18% from FY 2023). Net income: RM6.05m (up RM5.05m from FY 2023). Profit margin: 5.7% (up from 1.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Apr 01
Resintech Berhad (KLSE:RESINTC) agreed to acquire Forward Metal Works Sdn. Bhd. from Fornix Sdn. Bhd. for CNY 5.4 million. Resintech Berhad (KLSE:RESINTC) agreed to acquire Forward Metal Works Sdn. Bhd. from Fornix Sdn. Bhd. for CNY 5.4 million on April 1, 2024. The consideration consists of CNY 5.39 million in cash. The proposed acquisition is expected to be completed on August 31, 2024. Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: RM0.006 (vs RM0.006 loss in 3Q 2023) Third quarter 2024 results: EPS: RM0.006 (up from RM0.006 loss in 3Q 2023). Revenue: RM26.4m (up 20% from 3Q 2023). Net income: RM1.18m (up RM2.42m from 3Q 2023). Profit margin: 4.5% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Nov 30
Second quarter 2024 earnings released: EPS: RM0.009 (vs RM0.004 loss in 2Q 2023) Second quarter 2024 results: EPS: RM0.009 (up from RM0.004 loss in 2Q 2023). Revenue: RM27.6m (up 19% from 2Q 2023). Net income: RM1.69m (up RM2.49m from 2Q 2023). Profit margin: 6.1% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. New Risk • Nov 30
New major risk - Revenue and earnings growth Earnings have declined by 2.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.4% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Market cap is less than US$100m (RM96.2m market cap, or US$20.6m). New Risk • Jul 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 181% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (RM94.3m market cap, or US$20.8m). Reported Earnings • Jul 31
Full year 2023 earnings released: EPS: RM0.005 (vs RM0.027 in FY 2022) Full year 2023 results: EPS: RM0.005 (down from RM0.027 in FY 2022). Revenue: RM90.0m (up 12% from FY 2022). Net income: RM1.00m (down 80% from FY 2022). Profit margin: 1.1% (down from 6.3% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Announcement • Jul 29
Resintech Berhad, Annual General Meeting, Aug 29, 2023 Resintech Berhad, Annual General Meeting, Aug 29, 2023, at 09:00 Singapore Standard Time. Location: Concorde Hotel Shah Alam, Patio 1, Level 2, No. 3, Jalan Tengku Ampuan Zabedah, 40100 Shah Alam, SELANGOR DARUL EHSAN Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 March 2023 together with the Reports of the Directors and Auditors thereon; to re-elect the Directors; to re-elect Mr Pook Kim Nyean who retire in accordance with Clause 104 of the Constitution of the Company and being eligible, has offered himself for re-election; to approve the payment of Directors' Fees amounting to RM198,000 for the financial year ended 31 March 2023; to approve the payment of Directors' Benefits payable to the Board of the Company and its subsidiaries up to an amount of RM265,000 for the period from 30 August 2023 until the next Annual General Meeting; to re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company until conclusion of the next Annual General Meeting and authorise the Directors to fix their remuneration; and to consider other matters. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: RM0.007 (vs RM0.028 in FY 2022) Full year 2023 results: EPS: RM0.007 (down from RM0.028 in FY 2022). Revenue: RM89.8m (up 11% from FY 2022). Net income: RM1.02m (down 80% from FY 2022). Profit margin: 1.1% (down from 6.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Reported Earnings • Mar 03
Third quarter 2023 earnings released: RM0.008 loss per share (vs RM0.009 profit in 3Q 2022) Third quarter 2023 results: RM0.008 loss per share (down from RM0.009 profit in 3Q 2022). Revenue: RM22.0m (up 1.9% from 3Q 2022). Net loss: RM1.24m (down 173% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Reported Earnings • Dec 04
Second quarter 2023 earnings released: RM0.005 loss per share (vs RM0.003 profit in 2Q 2022) Second quarter 2023 results: RM0.005 loss per share (down from RM0.003 profit in 2Q 2022). Revenue: RM23.3m (up 19% from 2Q 2022). Net loss: RM800.0k (down 226% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Non Executive Director Lay Goh was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 31
First quarter 2023 earnings released: EPS: RM0.004 (vs RM0.005 in 1Q 2022) First quarter 2023 results: EPS: RM0.004 (down from RM0.005 in 1Q 2022). Revenue: RM21.1m (up 3.6% from 1Q 2022). Net income: RM538.0k (down 40% from 1Q 2022). Profit margin: 2.6% (down from 4.4% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 30
Resintech Berhad, Annual General Meeting, Aug 29, 2022 Resintech Berhad, Annual General Meeting, Aug 29, 2022, at 09:30 Singapore Standard Time. Location: Concorde Hotel Shah Alam Level 1, No. 3, Jalan Tengku Ampuan Zabedah, 40100 Shah Alam SELANGOR DARUL EHSAN Malaysia Agenda: To consider and receive the Directors' Report, Audited Financial Statements and the Auditors Report for the financial year ended 31 March 2022; to re-elect Kok Wee Wah and Teh Leng Kang as Directors, who retire in accordance with Clause 97 of the Constitution of the Company and being eligible offer themselves for re-election; to re-elect Mr Goh Lay Yong who retire in accordance with Clause 104 of the Constitution of the Company and being eligible offer himself for re-election; to approve the payment of Directors' Fees amounting of RM165,000 for the financial year ended 31 March 2022; to approve the payment of Directors' Benefits payable to the Board of the Company and its subsidiaries up to an amount RM288,000 for the period from 29 August 2022 until the next Annual General Meeting; and to re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company until conclusion of the next Annual General Meeting and authorise the Directors to fix their remuneration. Upcoming Dividend • Jun 20
Upcoming dividend of RM0.013 per share Eligible shareholders must have bought the stock before 27 June 2022. Payment date: 13 July 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Malaysian dividend payers (4.9%). Lower than average of industry peers (3.0%). Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: RM0.037 (vs RM0.043 in FY 2021) Full year 2022 results: EPS: RM0.037 (down from RM0.043 in FY 2021). Revenue: RM82.2m (up 4.3% from FY 2021). Net income: RM5.09m (down 13% from FY 2021). Profit margin: 6.2% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 02
Resintech Berhad Announces Second Interim Single-Tier Dividend for the Financial Year Ended March 31, 2022, Payable on July 13, 2022 Resintech Berhad announced second interim single-tier dividend of 1.25 sen per ordinary share for the financial year ended March 31, 2022. Ex-Date is June 27, 2022. Entitlement date is June 28, 2022. Payment Date is July 13, 2022. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent and Non Executive Director Lay Goh was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 19% share price gain to RM1.15, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 16x in the Machinery industry in Malaysia. Total returns to shareholders of 319% over the past three years. Reported Earnings • Feb 27
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: RM0.012 (down from RM0.019 in 3Q 2021). Revenue: RM21.6m (flat on 3Q 2021). Net income: RM1.70m (down 35% from 3Q 2021). Profit margin: 7.9% (down from 12% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 28
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: RM0.005 (down from RM0.009 in 2Q 2021). Revenue: RM19.6m (down 12% from 2Q 2021). Net income: RM635.0k (down 49% from 2Q 2021). Profit margin: 3.2% (down from 5.5% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 31% per year. Upcoming Dividend • Nov 18
Upcoming dividend of RM0.013 per share Eligible shareholders must have bought the stock before 25 November 2021. Payment date: 10 December 2021. Trailing yield: 1.5%. Lower than top quartile of Malaysian dividend payers (4.2%). Higher than average of industry peers (1.1%). Reported Earnings • Jun 02
Full year 2021 earnings released: EPS RM0.044 (vs RM0.029 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: RM78.8m (down 1.2% from FY 2020). Net income: RM6.02m (up 50% from FY 2020). Profit margin: 7.6% (up from 5.0% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 15
Third quarter 2021 earnings released: EPS RM0.019 (vs RM0.005 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RM21.6m (up 25% from 3Q 2020). Net income: RM2.60m (up 276% from 3Q 2020). Profit margin: 12% (up from 4.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year. Is New 90 Day High Low • Feb 12
New 90-day high: RM0.46 The company is up 61% from its price of RM0.28 on 13 November 2020. The Malaysian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 25% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: RM0.38 The company is up 44% from its price of RM0.26 on 08 October 2020. The Malaysian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 17% over the same period. Reported Earnings • Nov 29
Second quarter 2021 earnings released: EPS RM0.009 The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: RM22.4m (up 2.6% from 2Q 2020). Net income: RM1.24m (up 2.9% from 2Q 2020). Profit margin: 5.5% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 7% per year. 
