KUALA LUMPUR (Nov 12): Master Tec Group Bhd (KL:MTEC) saw its third-quarter net profit rise 16.6% on higher sales of its cable products.

Net profit for the three months ended Sept 30, 2026 (3QFY2026) rose to RM10 million from RM8.59 million a year earlier, according to the industrial wire and cable manufacturer’s bourse filing on Thursday.

Revenue for the quarter surged 72.5% to RM199.85 million from RM115.83 million previously. No dividend was declared for the quarter under review.

Aside from stronger cable sales under its manufacturing segment, its contract revenue segment also logged higher earnings recognised from contracts and engineering-related works.

For the nine months ended Sept 30, 2026 (9MFY2026), Master Tec’s net profit rose 19.3% to RM23.82 million from RM19.97 million in the same period a year earlier, while revenue jumped 48.3% to RM431.51 million from RM290.89 million.

Outlook for the wire and cable industry is expected to remain supported by ongoing infrastructure, utilities, construction, telecommunications, renewable energy, data centres and
industrial activities, Master Tec said.

Internally, the group said it will focus on its core businesses in the manufacturing and distribution of power, control, and communication cables.

“The group remains committed to strengthening its operational efficiency, production capabilities and product quality through continuous process improvements, prudent cost management and investments in machinery, equipment and manufacturing facilities,” it said.

Shares of Master Tec ended one sen or 0.97% lower at RM1.02, valuing the group at RM1.04 billion.