Wellcall sees strong performance


“Wellcall has always been a very resilient business, proven by our consistent financial performance and dividend track record, even during the Covid-19 environment. We are pleased to maintain the same quantum of dividend per share as our previous quarter of RM0.014 for our second single tier dividend this quarter, ” group managing director, Huang Sha (pic) said in a statement yesterday.

PETALING JAYA: Wellcall Holdings Bhd posted a net profit of RM8.8mil for the second quarter ended March 31,2021 (Q2FY21), up from RM7.3mil in the same period a year ago.

Revenue came higher by 19.7% year-on-year to RM38.2mil.

The company attributed this strong performance to the strengthening of its customer base through prompt delivery and the continuation of recovery in global demand for industrial rubber hose.

It declared a second single tier dividend of 1.40 sen per share for Q2FY21.

On its prospect, Wellcall commented that the group will continue to focus on its operational efficiencies and improve on all areas of operations, technology, manpower and logistics.

“Wellcall has always been a very resilient business, proven by our consistent financial performance and dividend track record, even during the Covid-19 environment. We are pleased to maintain the same quantum of dividend per share as our previous quarter of RM0.014 for our second single tier dividend this quarter, ” group managing director, Huang Sha (pic) said in a statement yesterday.

He said for 2021, the group would remain focused on expanding its customer base, create higher value-add for the group and diversify product range via its joint-venture with Trelleborg AB, while ensuring sustainability of the business by putting in place strict operating SOPs.

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