PETALING JAYA: A-Rank Bhd
’s net profit increased 11.55% year-on-year (y-o-y) to RM5.28mil for the third quarter (3Q22) ended April 30, 2022, due to higher revenue as well as improved margins.
Revenue for the period rose 9.36% y-o-y to RM200.04mil on higher selling prices.
For the nine months period, the aluminum billet producer’s earnings increased by 28.36% y-o-y to RM13.58mil as revenue rose 27.84% y-o-y to RM587.28mil on higher pricing power as a result of the increase in raw material costs.
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