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Memiontec’s earnings up 26.8% y-o-y to $3.2 mil for FY2023

Khairani Afifi Noordin
Khairani Afifi Noordin • 1 min read
Memiontec’s earnings up 26.8% y-o-y to $3.2 mil for FY2023
Revenue increased by 56.2% to $66.9 million, driven by increase in revenue contributions from segments such as TSEPC. Photo: Memiontec
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Memiontec Holdings has reported earnings up $3.2 million for its FY2023, up 26.8% y-o-y.

Revenue increased by 56.2% to $66.9 million, driven by increase in revenue contributions from segments such as total solutions with engineering, procurement and construction.

Gross profit grew 7.6% y-oy to $9.29 million, while gross profit margin stood at 13.9%. 

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