KUALA LUMPUR: Samchem Holdings Bhd
’s net profit for its first quarter ended March 31, 2022 rose to RM19.59mil from RM18.95mil in the previous corresponding period, while revenue grew to RM364.51mil from RM330.70mil.
The chemicals and lubrication distribution firm said the improved earnings were due to an increase in average selling prices (ASPs) during the quarter.
“Profit after tax and minority interest during the quarter increased by 3% to RM19.59mil as compared to the first quarter of 2021,” it said in a filing with Bursa Malaysia.
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