SHAH ALAM, Malaysia, May 25 (Bernama) —Kumpulan Perangsang Selangor Berhad (“KPS Berhad” or “the Company” or “the Group”) (KPS, Bursa: 5843; Bloomberg: KUPS:MK; Reuters: KPSB.KL) today reported RM275.0 million in revenue for the quarter ended 31 March 2023, 16% or RM54.2 million lower compared with RM329.2 million in the corresponding quarter last year (“Q1 FY2022”). The decline was mainly due to lower manufacturing and licensing businesses’ contributions by RM43.5 million and RM11.8 million, respectively. The operating profit was lower at RM12.0 million, down by 64%, or RM21.4 million, from RM33.3 million in the corresponding period last year. As a result, the Group profit after tax (“PAT”) for the quarter slid to RM2.9 million from RM16.4 million in Q1 FY2022.
HIGHLIGHTS FOR THE QUARTER ENDED 31 MARCH 2023