PETALING JAYA: Taliworks Corp Bhd registered a 9.2% year-on-year increase in net profit to RM11.7mil for the second quarter ended June 30,2020, despite a 14.6% lower revenue of RM76.1mil as compared to the same quarter last year.
The improved net profit during the second quarter was attributed to higher returns from investments designated at a fair value of RM8mil, lower amortisation of intangible assets as well as lower share of losses from associate SWM Environment Holdings Sdn Bhd.
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