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Tuesday, 20 October 2026

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BWYS Group 1QFY26 Net Profit Surges Nine-Fold to RM24.6 Million on Asset Disposal Gain

By Abigail Cheong4 min read

Seberang Perai, 22 May 2026 – BWYS Group Berhad recorded a nine-fold increase in net profit to RM24.6 million for the first quarter ended 31 March 2026, supported by a significant gain from the disposal of assets held for sale, while revenue improved on stronger contributions from its sheet metal and steel trading segments.

The sheet metal products manufacturer and scaffolding supplier posted revenue of RM63.1 million in 1QFY26, representing a 10.1% increase from RM57.3 million recorded in the corresponding quarter last year. The improvement was mainly driven by higher contribution from the manufacturing of sheet metal products segment and the trading of steel and related products segment.

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Author

  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.