Handal Energy breaks six-year streak of losses by posting net profit for FY21

KUALA LUMPUR: Handal Energy Bhd has returned to the black for the financial year ended June 30, 2021 for the first time since financial year 2016, recording a net profit of RM2.77 million against a net loss of RM26.4 million in the same period a year ago fuelled by new contracts.

Its revenue, however, slipped to RM73.69 million versus RM87.34 million.