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Magni-Tech posts RM32mil quarterly profit

The Star·12/03/2025 23:00:00
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PETALING JAYA: Magni-Tech Industries Bhd’s net profit for the second quarter ended Oct 31, 2025 (2Q26) rose 24.7% to RM32.25mil from RM25.87mil a year earlier.

This is despite a slight drop in topline, supported mainly by stronger profitability in its garment segment.

Additionally, the garment manufacturer’s 2Q26 revenue slipped 1.1% to RM247.04mil from RM250.83mil in 2Q25.

The garment segment, which accounts for more than 95% of group earnings, saw revenue ease 0.7% to RM327.8mil from RM330.35mil due to lower sale orders.

However, the segment’s profit before tax increased 23.2% to RM40.27mil from RM32.7mil in 2Q25, driven by a higher net foreign exchange gain of RM41,000 versus a net loss of RM5.87mil previously.