Samaiden net profit up 21% in 1Q

PETALING JAYA: Samaiden Group Bhd’s net profit increased by 21.2% year-on-year (y-o-y) to RM2.96mil in the first quarter ended Sept 30, on the back of higher work progress in ongoing projects.

The solar engineering, procurement, construction and commissioning player’s revenue rose by 13.2% y-o-y to RM46.16mil, which Samaiden said underscored its “operational efficiency and market agility”.