Favelle Favco registers improved Q2 results

TheStar Wed, Sep 22, 2021 06:10pm - 2 years View Original


KUALA LUMPUR: Crane manufacturer Favelle Favco Bhd said earnings jumped 79% in the second quarter on higher revenue.

Net profit in the three-month ended June 30 was RM13.5mil compared with RM7.6mil a year ago.

Turnover rose 57% to RM153mil.

"The increase in group profit was mainly due to increase in sales," Favelle Favco it said in filing today.

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