Rhone Ma set for increase in earnings


In a filing with Bursa Malaysia, the group said net profit in the second quarter ended June 30, 2022 rose to RM3.02mil from RM1.95mil previously, on the back of higher revenue from the company’s animal health products and equipment division, as well as its food ingredients segment.

PETALING JAYA: Rhone Ma Holdings Bhd expects to continue sustaining an increase in earnings by leveraging on the demand for meat, in tandem with the growing population of Malaysia.

In a filing with Bursa Malaysia, the group said net profit in the second quarter ended June 30, 2022 rose to RM3.02mil from RM1.95mil previously, on the back of higher revenue from the company’s animal health products and equipment division, as well as its food ingredients segment.

Revenue in the second quarter grew to RM46.83mil from RM38.83mil.

Basic earnings per share stood at 1.36 sen compared with 0.97 previously.

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