Solarvest posts 1Q net profit of RM6.7mil


KUALA LUMPUR: Solarvest Holdings Bhd is optimistic its overall performance will remain satisfactory over the coming financial year as Malaysia's renewable energy (RE) sector benefits from the government's efforts to ramp up its capacity.

In a bourse filing, the clean energy firm said net profit in the first quarter of its 2024 financial year rose to RM6.7mil from RM4.28mil in the same quarter in 2022.

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