KUALA LUMPUR: Samchem Holdings Bhd
’s net profit rose to RM19.59mil in the first quarter ended March 31, 2022 (1Q22) from RM18.95mil in the previous corresponding period.
Its revenue for the quarter grew 10.2% to RM364.51mil from RM330.70mil a year ago, due to an increase in average selling price during the quarter.
The integrated chemicals and lubricants distributor declared a first interim single-tier dividend of one sen per share. The date of book closure for the dividend payment will be announced in due course.
Samchem chief executive officer Ng Thin Poh said the company has started out the year on a strong footing, as outlook and optimism continue to recover with the re-opening of economic sectors.
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