PETALING JAYA: KNM Group Bhd
saw net profit tumble almost 70% to RM31.92mil for the three months ended Sept 30 compared with the previous corresponding period due to the continued impact of the intangible asset amortisation arising from the acquisition of Borsig GmbH and the global economic slowdown.
The process equipment manufacturer’s revenue dropped 38.57% to RM458.34mil in the third quarter.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
