ACE Market-bound NationGate posts RM30.1mil net profit in 3Q

The electronics manufacturing services provider’s revenue for the quarter stood at RM305.2mil while earnings per share at 1.83 sen.

No comparative figures were available as it was the first interim financial report released by the company in relation to its earnings, in compliance with the listing requirements. Managing director Ooi Eng Leong said NationGate is expected to chart lower revenue over the next two quarters due to cyclicality in the EMS industry.

As at Nov 14, 2022 NationGate has unbilled purchase orders of RM369.5mil which are to be billed upon delivery progressively over the next 12 months.

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