· On higher contribution from the manufacturing business, operating profit doubled; PATAMI leapt 65%
· Business fundamentals strengthened by strategic execution of the value creation plans and tenacious commitment of its people
The Full-Year 2021 Highlights
· Full year revenue of RM1.3 billion, up by 23%.
· Operating profit more than doubled to RM104.5 million.
· PBTZ improved to RM87.6, up by 53%.
· PATAMI leapt to RM56.2 million, up by 65%.
· The manufacturing division contributed 87% to the Group’s revenue.
SHAH ALAM, Malaysia, Feb 25 (Bernama) — Kumpulan Perangsang Selangor Berhad (“KPS” or “the Company” or “the Group”, Bursa: 5843; Bloomberg: KUPS MK; Reuters: KPSB.KL) announced a commendable set of financial results for the fourth quarter and full-year ended 31 December 2021 (“FY2021”) today. The Group navigated through the operational challenges with resilience to post 23% revenue growth at RM1.3 billion and 65% PATAMI growth at RM56.2 million while doubling the operating profits for the year to RM104.5 million. This strong performance was a testament to the strategic execution of the value creation plans and the tenacious commitment of its people, both of which have strengthened the Group’s fundamentals.