KPower’s Q2 net profit jumps four-fold


In a statement, the group said its revenue climbed more than five-fold in the quarter to RM90mil compared to RM13.63mil in the previous corresponding period on higher contribution from EPCC works in Laos and Malaysia, among others.

KUALA LUMPUR: KPower Bhd’s net profit jumped almost four-fold to RM9.25mil for the second quarter (Q2) ended Dec 31, 2020, from the corresponding quarter a year earlier, driven by higher revenue from the construction related activities as well as property development and investment segments.

In a statement, the group said its revenue climbed more than five-fold in the quarter to RM90mil compared to RM13.63mil in the previous corresponding period on higher contribution from EPCC works in Laos and Malaysia, among others.

The group has proposed a dividend of 2.26 sen per share for the quarter.
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KPower Bhd , profit , four-fold , construction , Laos ,

   

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