AME group managing director Kelvin Lee Chai(pic) said the group’s financial performance for the first quarter highlighted its ability to ride the wave of incoming foreign direct investment from multinational corporations into Malaysia, in addition to local enterprises.
PETALING JAYA: Main Market-bound AME Elite Consortium Bhd saw its net profit almost double to RM13.1mil for the first quarter ended June 30, from RM6.7mil in the corresponding quarter last year.
In a statement, the integrated industrial property solutions provider said it benefited from higher demand for industrial properties as a result of Malaysia’s economic growth, in addition to investments in the manufacturing sector and the ongoing US-China trade tensions.
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