Leon Fuat’s Q2 net profit up 12-fold on higher revenue


Executive director Calvin Ooi Shang How (pic) said the group remained optimistic for the rest of the year despite the uncertainties affecting the outlook.

PETALING JAYA: Leon Fuat Bhd saw its net profit jump about 12-fold to RM32mil for the second quarter ended June 30, 2021 (Q2’FY21), from RM2.7mil in the corresponding quarter last year.

In its exchange filing, the steel products trader said the strong earnings growth was mainly attributable to increase in revenue and higher gross profit margin.

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