Cypark Resources quarterly net profit up 5.5%

KUALA LUMPUR: Cypark Resources Bhd’s net profit rose 5.5% to RM15.81mil in the first quarter ended Jan 31, 2022 (1Q22) from RM14.98mil a year ago driven by the lower recognition of deferred tax expenses in quarter.

In a filing with Bursa Malaysia, Cypark said its revenue was up 0.9% to RM77.20mil in the quarter compared with RM76.47mil in the corresponding period a year ago due to the better performance of the renewable energy (RE) division in the quarter.