K-One returns to the black in Q2

For the six months to June 2021, K-One posted a net profit of RM2.6mil, compared with a net loss of RM2.7mil before, while revenue grew 83.4% to RM66.1mil from RM36mil.

PETALING JAYA: K-One Technology Bhd returned to the black with a net profit of RM1.42mil for the second quarter (Q2) ended June 30, 2021, compared with a net loss of RM2.9mil for the previous corresponding quarter on higher sales.

The company saw its Q2 revenue jumping 84% to RM35mil from RM19mil previously, thanks to strong sales growth in both the electronic manufacturing services and cloud computing businesses.