ES Ceramic posts strong Q1 growth

TheStar Mon, Oct 18, 2021 06:27pm - 2 years View Original


KUALA LUMPUR: Glove former maker ES Ceramic Technology Bhd said higher average selling prices significantly boosted its revenue and earnings in the three-month ended Aug 31.

Net profit jumped to RM9.4mil in the first quarter from RM3.2mil a year ago. Turnover was up at RM25.5mil compared with RM11.9mil previously.

However, the group said its quarter-on-quarter results were affected by the strict Covid-19 curbs during the three-month period under review.

Both sales and profit declined by about 40% from the immediate preceding quarter.

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