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Master Tec buys RM10.2 million 43-acre land in Melaka for future expansion, the acquisition will be funded through internally generated funds and bank borrowings.
Master Tec 4Q net profit up 79% on higher revenue, tax incentives.
For the financial year ended Dec 31, 2024 (FY2024), Master Tec’s net profit grew 14.9% to RM27.01 million from RM23.51 million in FY2023, as revenue increased 13.5% to RM324.04 million versus RM285.44 million a year earlier, a 79.4% surge in net profit
KUALA LUMPUR (Feb 21): Master Tec Group Bhd (KL:MTEC) is acquiring a 42.59-acre freehold land in Jasin, Melaka, which the power cables manufacturer says presents an opportunity for the group's future expansion due to the property's prime location.
Malaysia’s ex-factory sales of wires and cables are projected to increase from RM9.61 billion in 2022 to RM11.21 billion by 2025, representing a compound annual growth rate of 5.25%.