PETALING JAYA: Favelle Favco Bhd
’s net profit jumped by almost 79% year-on-year (y-o-y) in the second quarter ended June 30, 2021, driven by stronger sales.
The construction crane manufacturer said it posted a net profit of RM13.55mil as compared to RM7.57mil in the previous corresponding quarter.
Meanwhile, revenue rose 57.2% y-o-y to RM153.11mil in the latest second quarter.Earnings per share was at 6.05 sen. The group did not declare a dividend for the April-June 2021 period.
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