Comintel net profit jumps 77% in 3Q

KUALA LUMPUR: Comintel Corp Bhd will continue to monitor the business environment to ensure prudent fiscal management and sustainable growth moving forward.

For the third quarter ended Oct 31, 2023, Comintel’s net profit rose to RM11.24mil from RM6.35mil in the previous corresponding period, while revenue grew to RM122.03mil from RM64.54mil previously.

Basic earnings per share stood at 2.94 sen versus 4.53 sen a year earlier.

Going forward, Comintel said it is expected to deliver an optimistic performance for the financial year 2024, based on its existing order book and works toward the replenishment of its order book.