Ge-Shen posts RM3.7mil net profit in Q2

KUALA LUMPUR: Ge-Shen Corp Bhd, a plastic injection moulding and metal fabrication firm, reported improved results in the second quarter on increased orders from clients.

The company posted a net profit of RM3.7mil in the three-month ended June 30, up from RM492,000 a year ago.

Revenue rose to RM65.5mil from RM30.5mil previously.

"The strong quarterly results were mainly attributed to increased customer orders and run rate including various new projects entering mass production stage due to the re-opening of the Western economies," the company said in a filing today.

Executive director Louis Lau said the group's results were affected by the pandemic.

"Barring the total lockdown measures due to the surge in Covid-19 numbers, we would likely have met or surpassed our highest quarterly sales revenue, which was recorded in the fourth quarter of 2020," he said.

He was optimistic that a resurgence in economic activities upon the reopening of the global economies would translate into higher demand for manufacturing products.

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