CNERGENZ Berhad Posts RM36.9 Million in Revenue for 1Q FY2022
PENANG, Malaysia, May 27, 2022 - (ACN Newswire via SEAPRWire.com) - CNERGENZ Berhad (CNERGENZ), an established electronics manufacturing solutions provider based in Penang, has announced its financial results for the first quarter ended 31 March 2022 (1QFY2022) today. The Company registered revenue of RM36.9 million for the 1QFY2022, primarily contributed from the sales of standalone surface mount technology (SMT) machines and equipment constituting 60.9% of its total revenue. In addition, sales generated from the provision of integrated solutions segment contributed 31.2% to the total revenue.Chief Executive Officer of CNERGENZ, Mr. Lye Yhin ChoyFurther, the Company recorded profit before tax (PBT) of RM4.87 million and achieved net profit (PAT) of RM3.64 million for the period. After excluding one-off expenses relating to the initial public offering amounting to RM0.16 million incurred during the period, the Company's PBT and PAT stood at RM5.03 million and RM3.80 million, respectively.Chief Executive Officer of CNERGENZ, Mr. Lye Yhin Choy said, "Manufacturing activities remained robust in 1QFY2022 leading to the continued demand for our integrated solutions in the electronics an...
