Leon Fuat posts lower profit of RM23.9mil in 1Q

TheStar Mon, May 30, 2022 09:24pm - 9 months View Original

Leon Fuat executive director Calvin Ooi Shang How

KUALA LUMPUR: Steel products manufacturer, Leon Fuat Bhd posted a lower net profit of RM23.9mil in the first quarter ended March 31, from RM36.12mil a year prior.

Its revenue for the quarter rose by 29.1% increase in revenue to RM273.02mil compared with RM211.48mil recorded in the same quarter last year.

The increase in revenue was mainly due to an increase in revenue for trading and processing of steel products by 21.1% from RM74.29mil to RM90mil and by 33.4% from RM137.11mil to RM182.93mil respectively.


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