KUALA LUMPUR: Engineering services provider AWC
Bhd registered a net profit of RM363,000 for the second quarter of the financial year ending June 30,2020 (FY20), which was a decline from a net profit of RM7mil posted in the corresponding quarter last year.
The lower net profit for the quarter was due to a one-off segmental loss before tax of RM3.5mil in the engineering division as well as lower contributions from the environment and rail divisions.
In a press release, AWC said the one-off pre-tax loss in the engineering division was mainly attributable to lower contribution from the aircond segment as anticipated variation order values from projects had not materialised favourably.
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