KUALA LUMPUR: Process equipment maker KNM Group Bhd posted its first quarterly net profit in two years, as contributions from its businesses in Europe increased, on the back of improvement in the petrochemical industries.

The company made a net profit of RM18.4mil, or 0.79 sen a share in the first quarter ended March 31, as revenue increased 7.6% to RM363.4mil.

"The higher revenue in the current quarter was mainly contributed by improved performance of Europe segment with more new orders secured in the second half of year 2018," it said in a filing with Bursa Malaysia today.

The group's businesses in Europe generated about RM280mil in revenue on the back of the improvement in the petrochemical industries.

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