George Kent’s 2Q earnings up 19.2%

PETALING JAYA: George Kent (Malaysia) Bhd's net profit for the second quarter ended July 31 rose 19.2% to RM6.10 million against RM5.12 million in the previous corresponding period, underpinned by its manufacturing and trading segments.
Its half-year net profit saw an increase of 18% from RM10.65 million to RM12.57 million.
Second-quarter and six-month revenue, however, dropped 9.53% and 16.54% to RM75.04 million and RM139.90 million respectively.
It has proposed an interim dividend of 2 sen per share.
In a filing with the stock exchange, George Kent chairman Tan Sri Tan Kay Hock said the group will intensify its efforts to increase current order book, which will contribute to future earnings.
"George Kent will continue to evolve and grow as a company. With the continued support of our shareholders, and our highly competent team, we are optimistic that we can continue to deliver strong earnings for the foreseeable future," he added.