KUALA LUMPUR: Hong Leong Industries Bhd
posted a 36.36% year-on-year drop in its third quarter earnings ended March 31, 2020, to RM57.53mil as the movement control order negatively impacted sales across its business segments.
The group recorded 10.33% drop in revenue to RM621.89mil versus the previous corresponding quarter while pre-tax profit dove 28% to RM98.91mil due to the movement restrictions as well as lower contribution from an associated company.
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