George Kent quarterly earnings rise six-fold

According to George Kent chairman Tan Sri Tan Kay Hock, the group’s metering business continues to perform beyond expectations.

PETALING JAYA: George Kent (M) Bhd recorded a net profit of RM11.79mil in the first quarter ended June 30, up by more than six-fold from RM1.8mil in the April-to-June 2020 period.

The group said in a statement yesterday that the strong bottomline growth was attributable to strong sales of its water meters worldwide.