KYM back in the black on improved revenue
PETALING JAYA: KYM Holdings Bhd has returned to the black with a net profit of RM227,000 for the second quarter ended July 31 compared with a net loss of RM860,000 in the corresponding period last year.
The industrial paper bag manufacturer said it returned to profitability due to an improvement in revenue in the multi-wall industrial paper bag division in the quarter.
Revenue for the quarter jumped 26.9% to RM26.21mil compared to RM20.65mil a year ago, mainly contributed by its core business of industrial packaging materials, it said in a filing with Bursa Malaysia.
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