quarterly net profit soared 3.6 times (Kuala Lumpur, 13th) As of the second quarter of the 2020 fiscal year end of February, the net profit soared by more than 3.6 times to RM1.444 million, or 1.22 cents per share, as of the second quarter of fiscal 2020 at the end of February.
The company reported to the exchange that its turnover for the second quarter was reported to RM134.28 billion, an annual increase of 62.51%.
In the first half of the year, the company's net profit soared by approximately 1.3 times to RM2.027 trillion or 1.71 sen per share; its turnover increased by 56.44% to RM162.849 billion.
According to the announcement, the revenue and net profit of the construction business for the first half of the year increased from RM98.57 million and RM2.35 million in the same period of the previous fiscal year to RM15.479 million and RM3.08 million, thanks to the road construction of the East Coast Railway project and several Kuala Lumpur construction project.
As for the trading business, revenue and net profit rose to RM 8.05 million and RM 124,000, respectively, as more building materials transactions were recorded.
Management is optimistic about the company's performance and expects to have satisfactory results this fiscal year. translated View Original Article