ARB 4Q profit falls 11% to RM17.52mil

ARB Bhd executive director Datuk Seri Larry Liew Kok Leong

KUALA LUMPUR: ARB Bhd’s net profit fell 11.4% to RM17.52mil in the fourth quarter ended Dec 31, 2021 (4Q21) compared with RM19.76mil in the same period a year ago.

The lower profit was due to the increase of amortisation of intangible assets of RM3.3mil and depreciation of property, plant and equipment of RM2.6mil.

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