KUALA LUMPUR: A-Rank Bhd’s net profit rose 34.4% to RM3.74mil for the first quarter ended Oct 31 (Q1’22) from RM2.78mil a year ago due to higher revenue and improved margins from the aluminium segment.
However, in a filing with Bursa Malaysia, the company said the property development segment posted a pre-tax loss of RM1.7mil for the quarter compared to a pre-tax loss of RM0.3mil a year ago due to interest expenses.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!