RESINTECH Bhd, a Main Market-listed manufacturer of plastic pipes, water tanks and fittings, has unveiled a strong financial performance for its FY3/2025 ended March 31, 2025
The group’s revenue rose almost 18% year-on-year (yoy) to RM125.07 mil (FY3/024: RM106.04 mil) driven primarily by robust demand for its pipe systems and strategic revenue streams, including rental and provision of labour and maintenance services.
Its net earnings jumped nearly 88% yoy to RM11.3 mil (FY3/2024: RM6.02 mil) underpinned by operational efficiencies, improved margins and a fair value gain of RM5.29 mil from investment properties as opposed to a fair value loss of RM280,000 in the previous year.
More broadly, the financial achievement demonstrates Resintech’s successful execution of its strategic initiatives and effective cost management.
Specifically for its 4Q FY3/2025, Resintech posted an almost 9% yoy rise in revenue to RM29.33 mil (4Q FY3/2024: RM26.92 mil) while its net profit spiked 148% yoy to RM4.56 mil (4Q FY3/2024: RM1.84 mil) boosted by operational improvements and significant fair value gain on investment properties.
“The robust financial performance achieved this fiscal year reflects our team’s consistent efforts in driving operational excellence and strategic growth initiatives,” commented Resintech’s managing director Datuk Dr Teh Kim Poo.
“The sustained demand for our core plastic pipe systems, coupled with gains from strategic asset management, has considerably strengthened our profitability.”
As it is, Resintech has continued to strengthen its market leadership, particularly in the thriving water infrastructure and pipe systems segments.
The recent strategic initiatives which include significant capital investments in blow moulding machinery for the East Malaysia markets are expected to positively impact the grroup’s topline and bottom line in the upcoming financial year.
“While we remain vigilant regarding the challenges posed by currency fluctuations and rising operational costs, our strategic investments combined with steady market demand have positioned Resintech favourably for continued growth,” envisages Teh.
“Barring unforeseen circumstances, we expect our performance trajectory to remain positive.”
At 2.55pm, Resintech was down 1.5 sen or 2.59% to 56.5 sen with 221,700 shares traded, thus valuing the company at RM111 mil. – May 30, 2025
