<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 3): Magni-Tech Industries Bhd (KL:<a href="/askedge/klse/7087" class="ce-stock" target="_blank">MAGNI</a>) on Thursday reported a 17% fall in quarterly net profit, dragged by lower contributions from its garment business.</p></div>

<div class=newsTextDataWrapInner><p>Net profit for the first quarter ended July 31, 2026 (1QFY2027) stood at RM29.4 million, down from RM35.6 million a year earlier, the garment manufacturer said in a bourse filing on Thursday.</p></div>

<div class=newsTextDataWrapInner><p>Revenue fell 15.6% year-on-year to RM318.6 million from RM377.6 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The garment segment, the group’s larger contributor, saw revenue decline 17.3% due to lower sales orders, while revenue from its packaging segment rose nearly 17%, driven by stronger sales orders.</p></div>

<div class=newsTextDataWrapInner><p>The packaging division manufactures flexible plastic packaging and corrugated cartons.</p></div>

<div class=newsTextDataWrapInner><p>The group declared an interim dividend of 2.8 sen per share, down from 3.5 sen a year earlier, payable on Oct 8.</p></div>

<div class=newsTextDataWrapInner><p>Magni-Tech said it remains cautious about the year ahead as geopolitical conflicts could disrupt energy supplies, push up oil prices, fuel inflation, raise trade costs and weigh on consumer spending.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Magni-Tech closed unchanged at RM1.64 on Thursday, giving the group a market capitalisation of RM711.7 million. The stock has fallen more than 21% year to date.</p></div>


Magni-Tech Industries Bhd (KL:MAGNI) on Thursday reported a 17% fall in quarterly net profit, dragged by lower contributions from its garment business.

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