Freight Management profit up 61%

TheStar Fri, Feb 19, 2021 09:11am - 3 years View Original


The company told Bursa Malaysia that its net profit in the October-December 2020 period rose to RM6.65mil as compared to RM4.12mil a year earlier.

PETALING JAYA: A double-digit growth in international freight services helped to lift Freight Management Holdings Bhd’s net profit by over 61% year-on-year (y-o-y) in the second quarter ended Dec 31,2020.

The company told Bursa Malaysia that its net profit in the October-December 2020 period rose to RM6.65mil as compared to RM4.12mil a year earlier.

Revenue increased by almost 15% y-o-y to RM170.69mil.

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