Firm 1Q start for KPS as net profit jumps 254.8% to RM11m

KPS managing director and group CEO Ahmad Fariz Hassan described 1QFY21 as a strong start due to its geographical and sectoral diversified business.

KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd (KPS) recently reported a firm set of financial results as its net profit jumped 254.8% to RM11mil in the quarter ended March 31,2021 from RM3.1mil a year ago on stronger revenue growth.

KPS, which is involved in infrastructure and manufacturing, recently announced its revenue grew by 31.6% to RM308.4mil from RM234.4mil. Its operating profit increased by 35.4% to RM24.3mil from RM17.9mil.