HGB managing director Haw Chee Seng said the company strive to secure new contracts and expand orderbook by capitalising on the strengthening Malaysian economy.
For the nine month of FY24, HGB posted a 7.8% year-on-year rise in revenue to RM172.6 million, from RM160.2 million in 9M FY23. HGB’s overall revenue was primarily contributed by the power distribution system segment, generating RM102.1 million, or 59.1% to the overall revenue in 9M FY24 from RM104.6 million in the 9M of FY23.
The trading of electrical products contributed RM0.9 million in 9M FY24, representing 0.5% of the revenue for the 9M of FY24.
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