MSM net profit up 33%


Sheikh Awab: ‘The aggressive plans to increase our market share will enable us to remain at the forefront in the local market.’

KUALA LUMPUR: MSM Malaysia Holdings Bhd’s net profit for the quarter ended Sept 30 jumped by 33.2% to RM63.9mil from a year ago due to the group-wide cost optimisation initiatives as well as gains from strategic hedging mechanisms.

Revenue for the quarter stood at RM546.5mil against RM560mil in the corresponding quarter last year.

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Business , MSM , profit , stocks , shares , strategic hedging , klci , klse ,

   

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