Hai-O net profit for third quarter increases to RM19.25mil

TheStar Sat, Mar 24, 2018 08:10am - 6 years View Original


PETALING JAYA: Hai-O Enterprise Bhd ’s net profit rose by 25.33% to RM19.25mil in its third quarter ended Jan 31, 2018 from the same quarter a year ago.

Quarterly revenue dropped slightly to RM103.07mil from RM107.18mil a year ago.

The company said that profits were lifted by the exceptional performance of its wholesale division that boosted its pretax profit by 15.3% to RM25mil.

Its basic earnings per share rose to 6.64 sen from 5.29 sen.

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