Protasco registers RM6.4mil profit in Q2, boosted by road maintenance works


KUALA LUMPUR: Protasco Bhd returned to the black in the second quarter, boosted by stronger contribution by its road maintenance division.

The company made a net profit of RM6.4mil in the three-month ended June 30 compared with a loss of RM1.7mil a year ago.

Revenue improved to RM189mil from RM172mil previously, Protasco said in a filing today.

Maintenance business generated a revenue of RM142.3mil and a pre-tax profit of RM11.7mil.

"Barring any unforeseen circumstances, the Group expects the present profit momentum to continue for the rest of the current financial year and is actively and diligently pursuing various business opportunities to enhance shareholders’ return," it said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Protasco

   

Next In Business News

Mah Sing completes RM300mil Sukuk issuance
MITEC reopens facilities as business events resume
Tenaga completes purchase of Blyth from EDF Renewables
Vegetable oil production set to hit 4-year high leading to fall in prices
Robust growth ahead for silicon wafer shipments until 2024
Credit Suisse to pay at least US$400m in Mozambique scandal
George Kent to focus on opportunities in railway space
Thai AirAsia parent seeks to raise US$540m in fresh capital
Bintai Healthcare to distribute Scientillence’ hemodialysers
Bank stocks stay positive amid negative market breadth

Others Also Read


Vouchers