Rising demand for electric cars drives up KESM profits

Temporary anti-dumping measures on ethanolamine products produced in the Malaysia, Saudi Arabia, Thailand and the United States is also being introduced.

KUALA LUMPUR: Strong global demand for smart electric cars is helping to boost growth at KESM Industries Bhd.

Earnings in the second quarter ended Jan 31 climbed 12% to RM11.18mil compared with RM9.98mil made a year earlier. Revenue improved 10% to RM91.47mil, the company said in a statement today.