PETALING JAYA: Fitters Diversified Bhd registered a 78% year-on-year increase in net profit to RM2.46mil for the first quarter ended March 31, 2019, on the back of a turnaround in its pipe manufacturing and distribution business.

The company said its HYPRO orientated polyvinyl chloride (PVC-O) pipe segment posted a pre-tax profit of RM354,000, as compared to a loss of RM1.7mil in the same quarter last year.

Fitters said its management and marketing team continued to intensify its efforts to engage with the relevant authorities for wider state acceptance and expand its reach to other sectors.

“This is in support of the government’s initiative to reduce the national average non-revenue water (NRW) rate from 35% in 2018 to 31% by 2020.

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