MEDIA CENTRE
EPIC CORPORATE NEWS
EPIC Berhad's 132nd Board of Directors Meeting Highlights Strong Financial Performance and Strategic Initiatives for Future Growth
14 May 2024

EPIC Berhad yesterday held its 132nd Board of Directors Meeting chaired by Menteri Besar Terengganu and Chairman of EPIC Berhad YAB Dato’ Seri Dr. Ahmad Samsuri bin Mokhtar, the meeting took place at the Official Residence Seri, involving all members of the EPIC Berhad Board of Directors along with the EPIC Berhad Top Management namely Group Chief Executive Officer Ts. Haji Muhtar Suhaili and Group Chief Financial Officer Encik Wan Mohd Azilah Wan Abdullah.

EPIC also announced the Group's revenue for the year 2023, which amounted to RM344 million, with a Gross Profit of RM129 million, EBIDTA of RM81 million, Profit Before Tax (PBT) of RM20.24 million, and Profit After Tax (PAT) of RM8.89 million. For the first quarter of 2024, the company showed performance exceeding the budget, thus achieving better results compared to the same period last year. The Group's revenue was recorded at RM93 million (Budget: RM81 million), Gross Profit at RM36 million (Budget: RM29 million), PBT at RM9.5 million (Budget: RM3.2 million), and PAT at RM5.7 million (Budget: RM0.5 million).

EPIC Berhad remains committed to implementing strategic business plans by seizing opportunities for cooperation with players in the oil and gas industry sector and exploring investment potential through land leasing in the Teluk Kalong industrial area to fully utilize the company's assets and infrastructure for long-term growth and success.