Magni-Tech net profit 14% higher in third quarter


PETALING JAYA: Garment manufacturer Magni-Tech Industries Bhd’s net profit in the third quarter of financial year of 2019 (3Q19) rose by 14.39% year-on-year (y-o-y), led by higher foreign exchange gain and lower operating expenses.

The company told the stock exchange yesterday that its earnings in the third quarter was RM35.62mil, up from RM31.14mil a year earlier.

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