19 Oct 2022 PGF Capital Back To Profitability
PGF Capital Berhad recorded a 666% or RM5.68 million increase in its Profit Before Tax to RM4.83 million for its Q2 FPE 31 August 2022. At the same time, the group also registered RM22.48 million in revenue, an increase of RM12.31 million, or 121%, for the same period.
The current quarter registered a profit before tax of RM4.83 million as compared to the preceding year’s quarter’s loss before tax of RM0.85 million.
The group said this was mainly due to higher production output and higher sales revenue attributed to its Insulation segment, thereby recording higher profit for the Group in the current financial year. For the current quarter ended 31 August 2022, the revenue achieved by the Insulation segment was RM22.19 million as compared to the preceding quarter of RM9.88
The profit before tax registered was RM5.15 million for the current quarter ended 31 August 2022 as compared to the preceding year’s quarter’s loss before tax of RM0.81 million.
Its Insulation and Related Products segment continues to be the largest contributor to its topline, contributing RM22.48 million in Q2 FPE 31 August 2022 which translates to approximately 99% of its total revenue, reflecting an increase of
RM12.31 million or 125% as compared to the corresponding period of the previous