PETALING JAYA: Kumpulan Perangsang Selangor Bhd
’s (KPS) net profit for the first quarter ended March 31 rose nearly two-fold to RM3.14mil from the previous corresponding quarter, as revenue was bolstered by a broader earnings base.
In a filing with Bursa Malaysia yesterday, the group said revenue for the quarter jumped 49% year-on-year (y-o-y) to RM234.4mil, as Toyoplas Manufacturing (Malaysia) Sdn Bhd was included in its investment portfolio following its acquisition last year. Operating profit improved 36% to RM17.9mil from the previous corresponding quarter.
On a segmental basis, the manufacturing business contributed a 75% higher revenue of RM185.1mil.
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