Haily Group posts net profit of RM2.8mil in 1Q

Haily founder and executive director See Tin Hai

KUALA LUMPUR: Haily Group Bhd, which is en route to a listing on the ACE Market of Bursa Malaysia on July 21, posted a net profit of RM2.79mil in the first quarter ended March 31.

In a statement, Haily said it recorded a revenue of RM43.3mil. This was mainly contributed from the group’s construction of residential and non-residential buildings which accounted for RM43.21mil or 99.80% of the total revenue, while the balance of RM90,000 was derived from its civil engineering construction works and rental of construction machinery and equipment.