Ge-Shen earnings jump seven-fold

Commenting on the group’s performance, Ge-Shen executive director Louis Lau said it had not been easy navigating through the tribulations brought upon by the Covid-19 pandemic but the group marched on strong and was able to build on the momentum arising from the improvement in the operating environment globally.

PETALING JAYA: Ge-Shen Corp Bhd posted a seven-fold increase in net profit to RM3.71mil in the second quarter (Q2) ended June 30, 2021, from RM492,000 in the corresponding quarter last year.

For the quarter in review, the export-driven manufacturing company revenue doubled to RM65.63mil from RM30.52mil in Q2’20. The company attributed its strong quarterly results to increased customer orders and run rate including various new projects entering mass production stage due to the re-opening of the western economies.