NWE Resources records RM2.8 million profit before ACE Market debut
Quarterly revenue reached RM10.59 million, with personal care and health food distribution accounting for 40.16% of sales.
NWE Resources Group Bhd recorded earnings of RM2.8 million for 1QFY2027, the three-month period ended June, ahead of its scheduled Oct 21 listing on Bursa Malaysia’s ACE Market. The hospitality amenities supplier attributed its profit to core sales performance and tax exemptions.
Of its RM10.59 million revenue, RM4.25 million came from distributing health foods and personal care products. The segment represented 40.16% of sales. Operations covering personal care product repackaging, manufacturing and supply contributed RM4.05 million, while health food formulation and supply delivered RM2.29 million.
NWE Resources reported an effective tax rate of 10.63%, compared with the statutory 24%. It linked the lower rate to over-provisions for tax in prior years and its subsidiary NWE Biotech Sdn Bhd’s 100% pioneer status tax exemption for contract R&D activities, running until January 2029.
The figures had no year-on-year comparison because they formed the group’s first quarterly financial report under ACE Market listing requirements. NWE Resources voiced cautious optimism for the balance of FY2027, ending March 31, 2027.
The group intends to raise approximately RM28.6 million, with proceeds earmarked for developing products, expanding R&D and enhancing manufacturing.
