Outlook improving for Success Transformer

On uptrend: Success Transformer’s plant in Sungei Buloh. The company has seen its share price rise over 50 since the beginning of this year.

PETALING JAYA: Things have started to look up for Success Transformer Corp Bhd, which in its recent quarter ended June 30 reported a net profit of RM10.7mil against a net loss of RM489,000 for the same period a year ago.

Seremban Engineering Bhd (SEB), its subsidiary which was responsible for most of the losses, have since returned to the black, albeit making small profits.