KUALA LUMPUR (Jan 6): ACE Market-bound NationGate Holdings Bhd posted a net profit of RM30.05 million for its third quarter ended Sept 30, 2022 (3QFY2022), on revenue of RM305.17 million.
Earnings per share was 1.83 sen for 3QFY2022, the one-stop electronics manufacturing service (EMS) provider’s bourse filing on Friday (Jan 6) showed.
There are no comparative figures for the preceding corresponding quarter, as this is the first interim financial statement announced by the company in compliance with Bursa Malaysia’s listing requirements.
For the cumulative nine months ended Sept 30, 2022 (9MFY2022), NationGate posted a net profit of RM63.09 million on revenue of RM731.17 million.
Meanwhile, the group expects its initial public offering (IPO) to raise RM165.50 million from the public issue of 435.53 million shares, with an issue price of 38 sen per share.
With an issue price of 38 sen per share and an enlarged share capital totalling 2.1 billion shares, the company is expected to have a market capitalisation of RM788.1 million on its debut on Jan 12, 2023 — making it the largest listing on the ACE Market of Bursa Securities.