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.
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