Hup Seng Industries Bhd has recorded a higher pre-tax profit of RM9.13 million for its third quarter ended Sept 30, 2010, compared to RM6.33 million in the same period last year.

Revenue rose to RM54.33 million from RM49.34 previously, the group said in a filing to Bursa Malaysia today. Hup Seng Industries attributed the increase in profit to higher sales recorded during the financial year to date.

The group is mindful of the recent increasing prices of certain raw materials and to a lesser extent, the foreign exchange volatility, it said.

For its nine-month period ended Sept 30, 2010, Hup Seng Industries recorded a higher pre-tax profit of RM27.67 million compared to RM26.5 million in the previous corresponding period.

Revenue rose to RM161.14 million from RM159.29 million previously.

The group will remain focused on strengthening operation by continuing cost-saving measures in all areas and will also leverage on the economic development to continue growing both top and bottom line, it said. -- Bernama