KUALA LUMPUR: Hong Leong Industries Bhd
posted a 36.36% year-on-year drop in its third quarter earnings ended March 31, 2020, to RM57.53mil as the movement control order negatively impacted sales across its business segments.
The group recorded 10.33% drop in revenue to RM621.89mil versus the previous corresponding quarter while pre-tax profit dove 28% to RM98.91mil due to the movement restrictions as well as lower contribution from an associated company.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
