Guan Chong 1Q net profit jumps 57% to RM53mil, declares 1.5 sen dividend

Guan Chong Bhd managing director and CEO Brandon Tay Hoe Lian

KUALA LUMPUR: Guan Chong Bhd’s net profit jumped 57.2% to RM53.27mil in the first quarter ended March 31, from RM33.9mil a year ago, due to improved margin.

The world’s fourth-largest cocoa grinder said the higher earnings was mainly due to improved margin, and also contributed by lower production cost achieved through higher production volume in the first quarter.