Kim Teck Cheong 2Q net profit surges 33.7 times on higher demand

KUALA LUMPUR (Feb 27): Kim Teck Cheong Consolidated Bhd’s (KTC) net profit surged 33.7 times to RM2.63 million in the second financial quarter ended Dec 31, 2018 (2QFY19) from RM78,000 a year ago, due to a surge in demand for fast moving inventories and better profit margins. This resulted in higher earnings per share of […]

Kim Teck Cheong posts Q2 earnings of RM2.63mil

KUALA LUMPUR: Consumer packaged goods distributor Kim Teck Cheong Consolidated Bhd (KTC) posted a net profit of RM2.63mil for the second quarter of the financial year ending June 30, 2019 (FY19), as compared to RM78,000 in the same quarter of FY18. This was mainly attributed to a surge in demand for fast moving inventories and […]