KPS's robust plans for core businesses pays off as 4QFY19 results jump


KPS managing director/group CEO Ahmad Fariz Hassan said 2019 was a transformational year for KPS with new earnings dynamics post the SPLASH disposal shedding brighter lights on the earnings visibility.

KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd's (KPS) robust development plans for its core businesses has paid off as the group recorded strong revenue and earnings growth in the financial year ended Dec 31,2019.

At its last traded price of 56.5 sen at midday on Thursday and its net tangible asset (NTA) of RM1.78 per share as at Dec 31,2019, the NTA is 3.15 times its share price which has fallen 19.3% year-to-date.

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