KUALA LUMPUR: Pentamaster Corp Bhd recorded a net profit of RM72.67mil in the financial year ended Dec 31, 2021, which was 2.52% higher than RM70.89mil posted in the previous year.

       The manufacturing solutions provider reported revenue of RM508.39mil, a 21.4% increase over the previous year.

       The board has proposed an interim dividend of two sen per share for shareholders' approval at its upcoming annual general meeting.

       For the fourth quarter alone, the group posted a net profit of RM19.65mil, 10.95% lower than RM22.07mil in the previous corresponding quarter.

       It said revenue for the quarter under review rose 11.13% year-on-year to RM122.5mil.

       In its outlook, the group said it continues to face headwinds resulting from the ongoing pandemic.

       "Starting from health issues, to traveling restriction, the group now faces the supply-chain crunch for components and parts that has directly and indirectly impacted its operation," it said in a bourse filing.

       However it said it remains optimistic over its strong order book momentum on the back of potential high-growth year with catalysts brought about by AI, big data analytics, IoT, self-driving cars, Industry 4.0 and the deepening application of 5G.

       It said the electro-optical segment will also continue its growth momentum albeit modestly given the group's growing exposure to other industry segments.

       With regards to the automotive segment, the group said it sees a continuous affluence of this segment with e-mobility emerging at an accelerated pace.

       "The group anticipates a favourable prospect for its automotive test solutions from frontend to back-end which will continue to provide an impetus to the group’s overall performance," it said.