Favelle Favco Q2 net profit soars 79%

The construction crane manufacturer said it posted a net profit of RM13.55mil as compared to RM7.57mil in the previous corresponding quarter.

PETALING JAYA: Favelle Favco Bhd’s net profit jumped by almost 79% year-on-year (y-o-y) in the second quarter ended June 30, 2021, driven by stronger sales.

The construction crane manufacturer said it posted a net profit of RM13.55mil as compared to RM7.57mil in the previous corresponding quarter.

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