PRG returns to black in 3Q with RM19mil net profit


KUALA LUMPUR: PRG Holdings Bhd posted a net profit of RM19.4mil in the third quarter ended Sept 30 against a net loss of RM3.9mil in the same period last year.

Quarterly revenue rose 237% to RM112.04mil from RM33.25mil, mainly due to the one-off realisation of previously unrealised intercompany revenue, as well as profits and interest income upon the disposal of Premier De Muara Sdn Bhd (PDMSB) to third party in the third quarter of 2020.

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PRG , teak , Premier De Muara

   

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