Ancom’s Q2 net profit up almost two-fold

PETALING JAYA: Ancom Bhd saw its net profit almost double to RM12.08mil for the second quarter (Q2) ended Nov 30, 2021 from RM6.19mil in the corresponding quarter a year ago in tandem with higher revenue.

During the quarter in review, the company’s revenue rose 49.2% to RM532.91mil from RM357.27mil in the corresponding quarter a year ago, and its earnings per share rose to 4.92 sen from 2.59 sen.