Perak Transit reports higher Q2 earnings

?The proposed project, if materialised, could provide Tan Chong Motor with opportunity to expand its foothold in the automotive industry in Vietnam,? the company said in a filing with Bursa Malaysia last Friday

PETALING JAYA: Perak Transit Bhd posted a higher revenue and net profit in the second quarter ended June 30, boosted by increased contribution from its integrated public transportation terminal operations and petrol station business.

Net profit rose 31% to RM10.1mil compared with RM7.2mil made a year ago. Revenue improved 11% to RM31.2mil, the company told Bursa Malaysia in a filing on Monday.