PETALING JAYA: Taliworks Corp Bhd registered a 9.2% year-on-year increase in net profit to RM11.7mil for the second quarter ended June 30,2020, despite a 14.6% lower revenue of RM76.1mil as compared to the same quarter last year.
The improved net profit during the second quarter was attributed to higher returns from investments designated at a fair value of RM8mil, lower amortisation of intangible assets as well as lower share of losses from associate SWM Environment Holdings Sdn Bhd.
Net profit for the first half of the financial year was RM27.6mil, a 23.4% increase as compared to RM22.4mil recorded in the corresponding period last year.
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