Litrak posts higher net profit in Q2


Litrak attributed the improved bottom line mainly to its share of the higher profit in SPRINT Group amounting to RM9.7mil in the quarter as compared to RM4.8mil previously as well as lower finance cost pursuant to scheduled repayment of bonds in April 2020.

PETALING JAYA: Lingkaran Trans Kota Holdings Bhd’s (Litrak) net profit rose 2.3% to RM70.55mil for the second quarter ended Sept 30, from RM68.98mil in the same period last year.

It attributed the improved bottom line mainly to its share of the higher profit in SPRINT Group amounting to RM9.7mil in the quarter as compared to RM4.8mil previously as well as lower finance cost pursuant to scheduled repayment of bonds in April 2020.

However, its revenue slipped to RM123.60mil from RM131.19mil a year earlier, the company said in a filing with Bursa Malaysia yesterday. — Bernama

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