KUALA LUMPUR: Supermax Corp Bhd's net profit tumbled 95.5% to RM47.84mil in the second quarter ended Dec 31, 2021 (2Q22) from RM1.05bil a year ago.
Its revenue fell by 73.8% to RM 523.54mil compared to almost RM2bil in the corresponding quarter a year ago, mainly due to average selling prices (ASPs) and demand coming off the highs recorded a year ago when the worldwide Covid-19 pandemic driven demand was on a sharp upward trajectory.
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