KUALA LUMPUR, 25th FEBRUARY 2021 – Specialty steel pole manufacturer Mestron Holdings Berhad (“Mestron” or “Group”) ended its financial year ended 31 December 2020 (“FY2020”) with a stronger bottom line performance as its profit before tax (“PBT”) increased by 103.3%, on the back of higher gross profit and lower operating expenditure achieved through the Group’s cost- control measures.
The Group, which expects to benefit from the Government’s push for 5G network convergence, announced today that its PBT has improved to RM8.66 million in FY2020 as compared to RM4.26 million in the corresponding financial year.