Iconic’s 2Q net profit surges to RM3mil

Iconic Worldwide Bhd managing director Datuk Tan Kean Tet

KUALA LUMPUR: Iconic Worldwide Bhd’s net profit surged 416% to RM3.03mil in the second quarter ended Sept 30 against RM587,000 recorded in the preceding year corresponding period.

Its quarterly revenue rose 353% to RM11.67mil from RM2.58mil, mainly due to recognition of revenue from its property development segment coupled with recognition of new revenue source from its manufacturing business segment.