Magni-Tech cautiously optimistic on prospects

PETALING JAYA: Magni-Tech Industries Bhd remains cautiously optimistic about its business outlook for the remaining quarters of its current financial year and will stay vigilant in navigating potential challenges and risks to ensure the sustainability in its operations.

In a filing with Bursa Malaysia, the garment manufacturing and packaging firm said the global economic outlook for 2025 shows a slowing growth rate, primarily driven by rising trade barriers, heightened geopolitical tensions, and persistent policy uncertainty.

“Inflation is expected to gradually decline but remains a concern, while labour markets continue to soften.”

For the first quarter ended July 31, 2025, Magni-Tech’s net profit dipped to RM35.59mil from RM44.64mil in the previous corresponding period. Meanwhile, revenue dropped to RM377.61mil from RM437.6mil a year earlier, mainly due to lower sales orders received for its garment and packaging divisions.

The company declared a single-tier interim dividend of 3.5 sen per ordinary share for the financial year ending April 30, 2026, to be paid on Oct 15.