Hong Leong Industries profit jumps in FY21

Hong Leong Industries is the franchise holder for CKD and CBU Yamaha motorcycles and ATVs in Malaysia since 1978.

KUALA LUMPUR, Sept 20 (Bernama) -- Hong Leong Industries Bhd recorded a higher net profit of RM291.88 million in the financial year ended June 30, 2021 (FY2021) from RM169.32 million in FY2020.

Revenue edged up to RM2.63 billion from RM2.31 billion previously contributed by higher sales across all product segments and improved operational efficiencies which reduced cost, it said in a filing with Bursa Malaysia today.