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Compared with the previous quarter, the company’s second-quarter revenue increased by 7%, while net profit surged 501% from RM580,000 in the first quarter. The strong increase in earnings was mainly due to the absence in the second quarter of the one-off IPO expenses of RM3.06 million incurred in the first quarter
Adnex Group Berhad's first full quarter as a listed company shows healthy operating margins (~27.5% GP margin), a clean balance sheet with low gearing (0.21x), and strong market demand