Favelle Favco posts lower Q1 earnings, order book at RM521mil


KUALA LUMPUR: Construction crane maker Favelle Favco Bhd warned of a challenging outlook this year after earnings fell by almost a fifth in the first quarter as the pandemic outbreak disrupted sales.

Net profit in the three-month ended March 31 declined 19.4% to RM11.9mil compared with RM14.78mil made a year ago.

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