PETALING JAYA: Asia Brands Bhd
posted a higher net profit of RM5.35mil for its second quarter ended Sept 30 compared to RM1.3mil a year earlier, due to higher revenue, better cost management and lower finance cost following repayment of borrowings.
Revenue was 9.3% higher year-on-year at RM49.2mil during the quarter.
For the first half under review, net profit grew 62% year-on-year to RM9.58 million, while revenue was 15% lower at RM83.9 million.
...