Aggressive New Hoong Fatt determined to push up earnings

Chin: The group is focusing on improving cost efficiencies and reducing wastage while growing its business to turn its net profit trend upwards.

PETALING JAYA: Automotive replacement parts maker NEW HOONG FATT HOLDINGS BHD (NHF) is undertaking aggressive measures to put the group on a stronger footing after posting a decline in earnings for the last two fiscal years - financial year 2017 (FY17) and FY18.

After hitting its highest-ever net profit of RM30mil in FY16, NHF’s net profit has since been on a downtrend.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

New Hoong Fatt , aggressive , pushp , up , earnings , Vhiu , Auto , Automotive , parts ,


Next In Business News

Escalated Russia-Ukraine conflict would keep inflation higher longer -IMF Premium
Microsoft cloud performance lags highest Wall Street hopes Premium
U.S. awards 13 mln barrel exchange of crude from strategic reserve Premium
Oil price rises on concerns global political risks could tighten supplies Premium
Wall Street ends down as markets whipsaw ahead of Fed meeting Premium
Swirling concerns pressure bourse Premium
In a surprise move, Singapore tightens monetary policy on inflation risks Premium
Senheng looks to store and brand strategy Premium
IMF: Benefits of digital currency platform Premium
Econframe’s quarterly net profit up 62.7% Premium

Others Also Read