MN Holdings posts best quarterly performance since listing

KUALA LUMPUR: MN Holdings Bhd’s net profit for the first quarter ended Sept 30 jumped more than three-fold or 250.3% to RM4.19mil from RM1.20mil a year ago.

The underground utilities and substation engineering specialist, in a statement, said the strong financial performance for the quarter was due to strong demand for its underground utilities and substation engineering services from its customers in the power, gas and sewerage industries.