PETALING JAYA: KHPT Holdings Bhd is expected to achieve net profit growth rates of 5.1% and 12.9%, reaching RM6.6mil for financial year 2024 (FY24) and RM7.5mil for FY25, respectively, says TA Research.
The research house said the increase in the earnings for the automotive parts manufacturer was expected to stem from higher sales volumes of automotive parts and components, along with improved margins, while projecting that automotive parts sales volume would rise by 1% in FY24 and 4% in FY25.
Additionally, the group’s gross margin is expected to improve to 13.2% in FY24 and 14% in FY25 from 12.4% in FY23, the research house added.
En route to a listing on Bursa Malaysia, KHPT is primarily involved in the manufacturing and sale of automotive parts and components, including body parts, seat structures, and other components such as engine and absorber parts.
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