Samchem posts RM19.6mil net profit in 1Q

KUALA LUMPUR: Samchem Holdings Bhd’s net profit rose to RM19.59mil in the first quarter ended March 31, 2022 (1Q22) from RM18.95mil in the previous corresponding period.

Its revenue for the quarter grew 10.2% to RM364.51mil from RM330.70mil a year ago, due to an increase in average selling price during the quarter.