Betamek posts 32.1 per cent quarterly profit fall, declares dividend

Higher expenses and weaker margins pushed Betamek Bhd's second-quarter net profit down to RM7.1 million, the company said. Earnings for the quarter ending September 30, 2026, were 32.1 per cent below the RM10.4 million recorded a year earlier.

The board declared a dividend of 1.25 sen per share, its second interim single-tier payout, for payment on December 7. Shareholders listed in the November 26 record of depositors will qualify. Together with August's 1.25 sen payment, dividends for the financial year ending 2027 amount to 2.50 sen per share.

Revenue rose to RM81.49 million during the quarter, up 12.44 per cent, or RM9.02 million. Betamek attributed the increase mainly to exports, where sales grew by RM9.99 million, although local sales were slightly lower.

A greater contribution from lower-margin exports and a smaller contribution from higher-margin connectivity modules changed the sales mix, Betamek said. Gross margin fell from 22.74 per cent to 16.7 per cent. Pre-tax earnings dropped to RM9.3 million, a decline of 25.7 per cent, with increased operating expenses, including net foreign exchange losses, also weighing on the result.

First-half revenue reached RM161.31 million, 24.7 per cent above RM129.35 million a year earlier. However, net profit for that period slipped from RM15.78 million to RM15.30 million, down three per cent. Export sales increased by RM22.46 million and local sales by RM9.49 million.

Betamek said cost discipline, efficiency and diversification would remain priorities, while it continued to monitor exchange-rate volatility, raw material costs and the mix of products sold.