KPS finds comfort in King Koil

Fariz: ‘We have prepared our value creation plan to be implemented in the company which we believe would enable us to create and enhance more value in the company.’

Fariz says the business is making an annual profit of RM4mil to RM5mil

A BETTER way to evaluate Kumpulan Perangsang Selangor Bhd’s (KPS) investment of 60% stake in King Koil mattress licensing business for RM115.9mil is through earnings before interest, tax, depreciation and amortisation (EBITDA) multiples, according to chief executive officer Ahmad Fariz Hassan.