KUALA LUMPUR (May 28): Taliworks Corporation Bhd posted a higher net profit of RM11.65 million in the first quarter ended March 31, 2019 (Q1), compared with RM7.6 million in the same period last year.

Revenue increased to RM88.87 million from RM81.72 million previously.

"The improved bottom line was mainly attributed to higher revenue contribution from the water treatment, supply and distribution business, which in turn was the result of the increase in the bulk sales rate,” it said in a filing with Bursa Malaysia.

Meanwhile, in a separate statement, executive director Datuk Ronnie Lim said the company’s performance in 1Q continued to demonstrate the strength of its core businesses.

"By leveraging on our strengths, we are optimistic that we will be able to meet our expectations to deliver satisfactory results in the coming quarters,” he said.