Samchem 3Q net profit leaps 79.5% on higher sales volume


KUALA LUMPUR: Samchem Holdings Bhd has posted a 79.5% year-on-year jump in net profit to RM9.51mil in the third quarter ended Sept 30, 2020, on higher sales volume.

Revenue rose 9% year to RM288.6mil as compared to RM264.6mil in the previous comparative quarter on the back of the improved sales and despite lower chemical prices in 2020, it said in a statement issued today.

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