首页 社会正文

皇冠足球投注网:Pantech strategises to capitalise on opportunities

admin 社会 2022-07-19 02:59:36 15 0

皇冠足球投注网www.hg9988.vip)是皇冠体育官方投注网,开放皇冠信用网代理申请、信用网会员开户,线上投注的官方平台。

Executive chairman and group managing director Datuk Chew Ting Leng said the challenging business landscape required careful tactical navigation as the group stays on course in its strategies.

PETALING JAYA: Pantech Group Holdings Bhd will be navigating its business strategies carefully, as it remains cautious over the outlook of the global economic environment.

Executive chairman and group managing director Datuk Chew Ting Leng said the challenging business landscape required careful tactical navigation as the group stays on course in its strategies.

“Pantech Group remains cautious of the risks in our operating environment, prioritising and exercising efficient management of company resources to capitalise on situations and market opportunities to further expand our footprint,” he said in the company’s latest annual report.

The group is involved in the manufacture, supply and distribution of pipes, valves and fittings for fluid handling systems.

With countries cautiously reopening borders during its financial year ended Feb 28, 2022, Chew said economic recovery began as business activities reignited.

“Our vigilance in choosing to optimise existing resources while monitoring economic recovery progress has helped to conserve cash resources.”

Over the past financial year, Chew noted that the oil and gas (O&G) industry continued its recovery trajectory with Brent prices surpassing initial estimates.

,

皇冠信用网www.hg108.vip)是一个开放皇冠信用网即时比分、皇冠信用网开户的平台。皇冠信用网平台(www.hg108.vip)提供最新皇冠信用网登录,皇冠信用网APP下载包含新皇冠体育代理、会员APP,提供皇冠信用网代理开户、皇冠信用网会员开户业务。

,

“Prices of Brent crude surged following Russia’s invasion of Ukraine. It should be noted that the recovery of oil prices will not have an immediate favourable impact on the O&G industry due to the lag effect.

“The group keeps a watchful eye on global developments and implements a prudent action plan to turn risk into opportunity.”

For its fourth quarter ended Feb 28, 2022, Pantech’s net profit rose to RM21.27mil from RM12.55mil in the previous corresponding period, boosted by higher earnings from its manufacturing division. Revenue surged to RM258.87mil from RM136.25mil a year earlier.

For the financial year ended Feb 28, 2022, Pantech’s net profit improved to RM72.13mil from RM26.47mil in the previous corresponding period, while revenue grew to RM753.20mil from RM486.26mil.

In a note on its 2022 financial year results, Pantech said the gradual reopening of international borders around the world and Malaysia, together with economic recovery from Covid-19 will continue to bring a positive impact to businesses and O&G demand.

In a recent report, TA Research said Pantech will benefit from the revival in O&G activities following the easing of Covid-19 headwinds.

“During the pandemic, the rollout of O&G Capital expenditure (capex) was inhibited by the movement control order restrictions.

版权声明

本文仅代表作者观点,不代表本站立场。
本文系作者授权发表,未经许可,不得转载。

发表评论

评论列表(0人评论 , 15人围观)
☹还没有评论,来说两句吧...

热门标签

    此处不必修改,程序自动调用!