KUALA LUMPUR: Kim Teck Cheong Consolidated Bhd’s (KTC) net profit surged 33.7 times to RM2.63 million in the second financial quarter of financial year 2019 (2QFY19) ended Dec 31, 2018 from RM78,000 a year ago, due to a surge in demand for fast-moving inventories and better profit margins.

Revenue also rose 60.2% to RM150.3 million from RM93.8 million a year ago, on increased contribution from its operations in Sabah and Sarawak, thanks to the Christmas and Chinese New Year festivals.

KTC also attributed the better quarterly revenue to increased contribution from its operations in Labuan and Brunei.