AWC posts 29% net profit growth in 1HFY19
KUALA LUMPUR: Engineering services firm AWC 
Bhd registered a 29% increase in net profit to RM13.08mil for the first half of the financial year ending June 30, 2019 (FY19) as compared to the same period last year.
The significant growth in earnings was due to a strong performance across all divisions and maiden contribution from the rail division.
During the second quarter of FY19, the rail division registered a revenue and pre-tax profit of RM8.3mil and RM3.1mil respectively.
To recap, AWC had acquired 60% equity interest in Trackwork and Supplies Sdn Bhd (Trackwork) in October 2018 for a purchase consideration of RM43.5mil, which comes with a profit guarantee of RM20mil over two years.
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