KUALA LUMPUR: Sarawak-based construction company Hock Seng Lee Bhd’s net profit fell by 46.3% to RM7.57mil in the first quarter ended March 31,2020 compared with RM14.11mil a year ago as it was impacted by the onset of the Movement Control Order (MCO).
It said on Thursday its pretax profit fell to RM10.13mil compared with RM18.76mil. Its revenue was down by 23.3% to RM112.39mil from RM146.72mil. Earnings per share were 1.37 sen compared with 2.56 sen.
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