Kim Teck Cheong posts Q2 earnings of RM2.63mil
KUALA LUMPUR: Consumer packaged goods distributor Kim Teck Cheong Consolidated Bhd (KTC) posted a net profit of RM2.63mil for the second quarter of the financial year ending June 30, 2019 (FY19), as compared to RM78,000 in the same quarter of FY18.
This was mainly attributed to a surge in demand for fast moving inventories and better profit margins.
Revenue for the quarter grew 60% year-on-year to RM150.3mil, mainly due to the group’s Sabah, Sarawak, Labuan and Brunei subsidiaries, which saw higher sales of fast moving inventories and surge of demand for consumer packaged products distributed during the festive season.
KTC’s first half FY19 net profit stood at RM4.79mil, on the back of a revenue of RM304.09mil.
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