Ho Hup 1Q earnings jump on progress billings


KUALA LUMPUR: Ho Hup Construction Bhd's net profit increased two-fold to RM15.85mil in the first quarter ended March 31, 2020 as compared to the previous corresponding quarter due to the recognition of progressive billngs and sales in the property development division.

In the quarter under review, revenue surged 89% to RM80.3mil as compared to RM42.36mil in the comparative quarter.

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