THE earnings of Industrial Concrete Products Bhd (ICP), a manufacturer of concrete piles, have been moderate in recent years. This is against a backdrop of slow construction activity and one of ICP's public-listed competitors even operating in the red.
It was, therefore, out of the norm for ICP to post a net profit of RM18.9mil in the first six months ended Dec 31, 2004, an increase of more than 100% over the previous corresponding period.
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