PETALING JAYA: Tex Cycle Technology (M) Bhd
saw net profit for the second quarter ended June 30 (2Q24) shrink by half to RM2.5mil, as revenue saw a much smaller slide of 2.6% to RM8.3mil.
The company attributed the difference in net earnings to a fair value gain on quoted securities and unit trust, and an unrealised gain in foreign exchange in corresponding quarter of the preceding year.
