RIMBACO (01953) announced full-year results for the year ended October 31, 2023. The group achieved revenue of RM510 million during the period, an increase of 7.33% over the previous year; profit attributable to shareholders of RM20.07 million, an increase of 8486.7% over the previous year; and basic profit per share of RM1.59 cents.
According to the announcement, the increase in revenue was mainly due to a large-scale factory project that was basically completed in FY2023.