PETALING JAYA: Concrete Engineering Products
Bhd (Cepco) returned to the black with a net profit of RM2.64mil in the second quarter ended Feb 28, compared with a net loss of RM2.6mil a year earlier.
Quarterly revenue edged up to RM10.7mil from RM10.5mil, while earnings per share stood at 3.54 sen versus a loss per share of 3.44 sen previously.
For the first six months ended Feb 28, Cepco posted a net loss of RM236,000 on 5.6% higher revenue of RM23.8mil.
Cepco said global economic recovery is expected to remain subdued, weighed down by geopolitical tensions, US-China trade frictions, the Russia–Ukraine conflict and US tariff measures.
Earlier this month, Cepco received an unconditional mandatory takeover offer from YTL Cement Bhd at RM2.60 per share in cash, following the latter’s proposed acquisition of a 53.49% stake for up to RM103.79mil.
