KUALA LUMPUR Greatech Technology Bhd said revenue jump 25% in the third quarter boosted by its electric vehicle (EV) energy storage business, but higher freight cost impacted its gross margins.

       Net profit in the three-month ended Sept 30 climbed to RM29mil from RM23.2mil a year ago, while revenue was at RM95.3mil.

       "The Group’s order book in third quarter showed positive improvement driven by the Group’s solar customer focused on expanding its manufacturing capacity in America and India, and reducing environment footprint," it said in a filing today.

       Greatetech said its outstanding order book stood at RM426mil, which was expecte dto keep the group busy until the second half of 2022.