A package of hope

Uptrend: KTC’s headquarters in Kota Kinabalu. In a Bursa Malaysia filing, KTC said the significant increase in net profit in the first quarter was due to new distributorships secured, which provided fast moving inventories and better profit margins.

Consumer packaged goods distributor KTC eyes turnaround after turning in a profit in Q1

AFTER a loss-making bout amid a receivables debacle, consumer packaged goods distributor Kim Teck Cheong Consolidated Bhd (KTC) seems to have made a turnaround as it registers a significant growth in net profit for the first quarter ended Sept 30. (Q1’19).