KPS Registers Commendable Start in 1Q21 with 44% Improvement in Manufacturing Sales, Solidifying Growth Trajectory Whilst Bridging Recovery

SHAH ALAM, May 28 (Bernama) — Kumpulan Perangsang Selangor Berhad (“KPS” or “the Company” or “the Group”, Bursa: 5843; Bloomberg: KUPS MK; Reuters: KPSB.KL) on 27 May reported a 31.6% growth in revenue to RM308.4 million for the quarter ended 31 March 2021, as compared with RM234.4 million in the corresponding quarter last year.  Riding on an improvement in sales from the manufacturing business, albeit at a lower gross profit margin and higher other income, KPS improved the Group’s operating profits, posting a 35.4% growth to RM24.3 million from RM17.9 million in the corresponding period last year.  The Group’s Profit Attributable to Owner of the Parent for the quarter more than tripled, coming in at RM11.0 million as compared with RM3.1 million in the corresponding quarter in the previous year. 

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