KNM Group Bhd said net profit in the second quarter ended June 30 climbed 50% to RM11.2mil on higher margins recorded by its business in Europe.
Revenue declined to RM333mil from RM375mil previously, largely due temporary closure of its fabrication yards in Malaysia and China during the quarter.
"The Board anticipates that the outlook for financial year ending Dec 31, 2020 will remain challenging due to the continuous uncertainties in the global economy outlook and impacts of COVID- 19 pandemic," it said.
"The Board will take the necessary measures to manage and mitigate these uncertainties," it added.