KUALA LUMPUR (Feb 15): Hume Cement Industries Bhd’s net profit declined 41.04% to RM4.47 million for the second quarter ended Dec 31, 2022 (2QFY2023), from RM7.58 million a year earlier, dragged down by higher input costs from coal and electricity.
This is despite quarterly revenue rising 31.97% to RM255.27 million, from RM193.44 million in 2QFY2022, following a revision in cement’s retail selling price and higher sales volume, the group said in a filing with Bursa Malaysia.