PETALING JAYA: Cahya Mata Sarawak Bhd’s (CMS) net profit for its first quarter ended March 31, 2017 surged over 2,000% to RM22.66mil from RM1.05mil in the previous corresponding period due to the reduction in the share of losses in the company’s associates.
In a filing with Bursa Malaysia, the company said the higher net profit was also attributed to increase in the share of profits from the joint ventures and higher earnings by the cement and construction and road maintenance divisions.
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