HLIB fourth-quarter earnings at RM39.84mil

MZ Mantizz 125 motorcycle, manufactured by MZ Motorrad, a subsidiary of Hong Leong Industries Berhad. - Filepic - Darran Tan/The Star

KUALA LUMPUR: Hong Leong Industries Bhd (HLIB) recorded a net profit of RM39.84mil in its fourth quarter (Q4) ended June 30, 2021, compared with a net loss of RM29.57mil in the previous corresponding period, mainly driven by higher sales across all product segments and improved operational efficiencies that helped to reduce cost.

In a filing with Bursa Malaysia yesterday, HLIB said revenue in the quarter rose to RM463.80mil from RM311.11mil a year earlier.