28 Oct 2024 PGF Capital’s 2Q25 Revenue Surges 41% YoY

Source: https://www.businesstoday.com.my/2024/10/28/pgf-capitals-2q25-revenue-surges-41-yoy/

PGF Capital Bhd has reported another robust financial performance for its second quarter of the financial period ended Aug 31, 2024 (2Q25) with revenue increasing by 40.6% year-on-year (YoY) to RM42.4 million compared to RM30.1 million in 2Q24.

This surge is primarily attributed to the higher sales contributed by the insulation segment, driven by strong demand from the Oceania market, leading to the more than doubled 2Q25’s overall profit after tax (PAT) of RM7.1 million from RM2.9 million reported in 2Q24.

For the first half of the financial year 2024 (1H25), PGF Capital’s revenue surged 41.4% YoY to RM82.9 million compared to RM58.6 million in 1H24, leading to a doubling of PAT to RM13.8 million from RM6.9 million in 1H24.

Following the robust financial performance, the group declared a first interim dividend of two sen per ordinary share for FY25.

The dividend payout will be RM3.9 million, or 28.2% of the group’s 1H25 net profit, and the dividend is payable on Nov 29, 2024.