Topline Performance Resilient, But Supply Chain Challenges Persistent, Casting Shadow On KPS’ 2Q21 Core Earnings

· 2Q21 Margins trimmed   as  input   costs  escalated  due   to   raw materials and freight shortages.
· Prospect guidance for the remainder of 2021 revised to reflect challenges in the operating environment.

SHAH ALAM, Malaysia, Aug 27 (Bernama) — Kumpulan Perangsang Selangor Berhad (“KPS” or “the Company” or “the Group”, Bursa: 5843; Bloomberg: KUPS MK; Reuters: KPSB.KL) today reported a 46% year-on-year (“YoY”) growth in revenue to RM323.8 million for the quarter ended 30 June 2021 on higher sales from the manufacturing business with demand working its way through the quarter as global economies and businesses recovered from performance decline during the prior-year quarter. Operating Profit leapt to RM15.9 million from a loss position. Profit Attributable to the Owners of the Parent turned around to RM1.6 million from RM11.4 million loss in the corresponding quarter last year but sequentially lower than what was registered in the first quarter this year.

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