JHM Q3 earnings jump over 300% on surge in car lighting demand

Moody's outlook on the Korean banking system has been negative since May 2016.

KUALA LUMPUR: JHM Consolidation Bhd saw its earnings jump 326% to RM5.64mil in the third quarter ended Sept 30, 2016, underpinned by the surge in demand for automotive lighting.

The research and development company said on Thursday the earnings had jumped from RM1.32mil a year ago. Its revenue increased by 30% to RM45.07mil from RM34.69mil. Earnings per share were 4.58 sen.