Wegmans posts big jump in Q4 profit

The higher revenue was attributed mainly to a higher sales volume from North America, which increased by 91.8% to RM11.876mil compared to the same quarter in 2017

PETALING JAYA: Furniture manufacturer Wegmans Holdings Bhd has recorded a whopping 104.92% increase in net profit to RM6.109mil on the back of higher sales volume and reversal in deferred tax.

Its revenue for the quarter last year was RM27.145mil, an 18.86% jump year-on-year (y-o-y).