China recovery lifts IFCA MSC 2Q earnings

KUALA LUMPUR: IFCA MSC Bhd posted net profit of RM3.67mil in the second quarter ended June 30,2020 mainly due to rapid recovery in China economy and lower overall operating costs despite lower revenue.

It said on Friday this was much better than the RM1.04mil a year ago. Its revenue was lower at RM20.50mil compared with RM21.08mil a year ago. Earnings per share were 0.6 sen compared with 0.17 sen.