Texchem reports over 15-fold profit jump in 2Q, declares 8 sen dividend

Executive chairman Tan Sri Fumihiko Konishi - Filepic

KUALA LUMPUR: Texchem Resources Bhd, which saw its net profit jump almost 16 times in the second quarter ended June 30 to RM6.73mil, expects its performance to remain satisfactory in the coming quarters.

“The board is cautiously optimistic that the overall prospect of the group for the coming quarters will remain satisfactory mainly on the recovery of restaurant operation and additional strategic business initiatives to improve the bottom line,” Sushi King owner and operator said in a filing with Bursa Malaysia.