PETALING JAYA: Wong Engineering Corp Bhd swung to a profit of RM2.5mil for the second quarter of its financial year ending Oct 31, 2021 from a net loss of RM85, 000 in the corresponding period a year earlier.
The company attributed its strong performance to progress billings from constructions besides higher sales from its manufacturing segment as well as fair value gains from other investments.
During the quarter in review, Wong Engineering’s revenue doubled to RM22.9mil from RM10.9mil in the previous corresponding period.
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