PETALING JAYA: Hiap Teck Ventures Bhd saw its net profit for the second quarter ended Jan 31, 2013 rising 11.6% to RM1.78mil from RM1.6mil in the previous corresponding period on lower operating expenses as a result of its cost-efficiency measures.
During the quarter in review, the steel company posted a revenue of RM281mil, representing an 11% increase from the RM253mil in the previous corresponding period. Earnings per share stood at 0.25 sen for the second quarter of 2013, compared with 0.40 previously.
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