Garment maker Magni-Tech posts higher Q1 earnings


KUALA LUMPUR: Garment maker Magni-Tech Industries Bhd's earnings jumped in the first quarter ended July 31 on higher sales orders and improved margin.

Net profit surged 38.6% to RM30.5mil compared with RM22mil made a year ago. Revenue rose 19.6% to RM327.3mil, the company said in a filing with Bursa Malaysia today.

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