AWC Q3 earnings slightly higher

TheStar Mon, May 27, 2019 09:50pm - 4 years View Original


PETALING JAYA: Engineering services provider AWC Bhd posted a 1% year-on-year increase in net profit to RM6.93mil for the third quarter of the financial year ending June 30, 2019 (Q3FY19), bringing its net profit for the first nine months of FY19 to RM20mil.

This represents an 18% increase as compared to the first nine months of FY18.

Revenue for Q3FY19 was up 18% year-on-year to RM88.86mil. 

According to a Bursa Malaysia filing, the marginal year-on-year increase in net profit for the quarter under review was despite the lower contribution from the facilities division arising from lower revenue as well as the non-recurring unbudgeted costs of RM800,000.

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