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By focusing on selling higher-margin products and managing inventory more strictly, MSB achieved higher profits even while total revenue slightly dipped year-on-year
While the reported full-year profit was RM 2.78 million, if you strip away the one-off listing expenses, the normalised profit stands at a healthy RM 5.56 million
Don’t forget that MSB also signed a MoU to explore industrial energy storage using solid-liquid hybrid battery technology, which could help them to expand into the green energy field