United U-Li posts earnings of RM9.4mil in Q2

TheStar Thu, Aug 19, 2021 07:50am - 1 year View Original

PETALING JAYA: United U-Li Corp Bhd reported a net profit of RM9.38mil in the second quarter (Q2) ended June 30 as compared to a net loss of RM4.4mil in the same quarter a year earlier.

Meanwhile, the cable support systems manufacturer’s revenue more than doubled to RM41.92mil from RM17.2mil on a year-on-year (y-o-y) basis.

United U-Li told Bursa Malaysia yesterday that its improved bottom line was mainly due to better profit margins achieved on goods sold from the cable support systems as well as the electrical lighting and fittings division.

The group’s higher revenue generated during the quarter also boosted its earnings.


Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.

Related Stocks

BURSA 6.220


Login to comment.