KUALA LUMPUR (Nov 22): Biomass boiler firm BM Greentech Bhd (KL:BMGREEN) reported a 55% jump in net profit for its second quarter ended Sept 30 (2QFY2025) to a record high of RM13 million from RM8.38 million a year earlier, driven by higher revenue.
Revenue for the three months increased 15.8% to RM137.1 million — also the group’s highest quarterly revenue — from RM118.4 million in 2QFY2024, boosted by stronger contribution from its solar energy segment, which saw revenue more than double to RM35.4 million from RM13.1 million due to a higher number of secured and completed projects, its bourse filing showed.
No dividend was declared for the quarter under review.
For the first six months of FY2025 (6MFY2025), the group’s net profit rose 31.4% to RM21 million from RM16 million, while revenue climbed 4.6% to RM229.3 million from RM219.3 million.
Looking ahead, the group plans to expand its presence in the large-scale solar and power…
