Seng Fong 4Q24 net profit rises five-fold

PETALING JAYA: Natural rubber processor Seng Fong Holdings Bhd’s net profit jumped by more than five-fold year-on-year to RM16.49mil in the fourth quarter ended June 30, 2024 (4Q24).

The stronger bottomline was achieved on the back of higher sales volume, driven by the increased production hours after the addition of a second working shift in all the three factories.