PBA 3Q net profit jumps nearly 83% to RM11.3m

The Mengkuang Dam from which Penang state draws its water supply from.

KUALA LUMPUR: Penang water supply operator PBA Holdings Bhd saw its net profit jump by 82.8% to RM11.30mil in the third quarter ended Sept 30,2020 from RM6.18mil a year ago, boosted by an increase in domestic water revenue.

In its announcement to Bursa Malaysia on Tuesday, it said its revenue increased by 8.3% to RM83.76mil from RM77.35mil a year ago. Earnings per share were 3.42 sen compared with 1.87 sen.