Dancomech Q2 profit rise to RM4.5mil

Dancomech parts supplier for O & G sector

KUALA LUMPUR: Dancomech Holdings Bhd’s (DHB) net profit for its second quarter ended June 30, 2021 rose to RM4.5mil from RM3.18mil in the previous corresponding period, mainly due to higher earnings from its metal stamping, electrical and electronics (E&E) engineering and material handling system (MHS) solutions businesses.

Dancomech, which trades and distributes process control equipment and measurement instruments for various industries, told Bursa Malaysia yesterday that revenue in the second quarter grew to RM55.9mil from RM20mil a year earlier.