PIE on track to achieve RM1.3bil revenue

GEORGE TOWN: PIE Industrial Bhd is on track to achieve a 30% increase in revenue to RM1.3bil for the financial year ending Dec 31, 2022, says group managing director Alvin Mui.

The group would deliver products from its core business segments with a market value of over RM500mil in the second-half of 2022.

The main contributor to the group’s revenue – digital entertainment equipment business – is poised to contribute over 40% this year, added Mui.

While PIE’s supercomputing server, industrial electronics and home appliances, telecommunications, and raw wire and cable assembly segments are expected to generate the remainder of the revenue.

According to Mui, the group’s prospects are good both in the medium and long term as several products under PIE’s core business segments are projected…