PINANG, MALAYSIA — NationGate Holdings reported revenue of RM305.17 million (US$69.3 million) for the third quarter and RM731.2 million (US$166 million) for the first nine months of the year – passing a record set for the same period in 2021.

"The record performance is testimony to the company's resilient business model and its strong execution and delivery capabilities," said Managing Director Ooi Eng Leong. "NationGate is expected to chart lower revenue over the next two quarters (Q422 & Q123) due to cyclicality in the EMS industry. However, the company is still on track to achieve its internal revenue and profits targets given the sustained growth in its networking, telecommunications, industrial products and automotive segments for FY22 and FY23."