Majuperak returns to profit after three consecutive loss-making quarters

TheStar Tue, Nov 24, 2020 05:57pm - 3 years View Original


Majuperak group CEO Nizran Noordin

KUALA LUMPUR: Majuperak Holdings Bhd returned to the black for its third quarter ended Sept 30 with a net profit of RM2.23mil, after three straight quarterly losses.

Its revenue for the quarter jumped 120% to RM11.97mil against RM5.42mil in the same quarter last year.

In the first nine months to Sept 30, Majuperak posted a net loss of RM3.12mil against a net loss of RM551,000. Its cumulative revenue doubled to RM16.8bil from RM8.48bil previously.

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