SHAH ALAM, Aug 28 (Bernama) — Kumpulan Perangsang Selangor Berhad (“KPS Berhad” or “the Company” or “the Group”) (KPS, Bursa: 5843; Bloomberg: KUPS:MK; Reuters: KPSB.KL) today reported its financial results for the quarter and year ended 30 June 2023. The results reflect a period of challenges and changes in the industry landscape, which have impacted the Group’s manufacturing business and as a result, the Company’s financial performance.
For the quarter ended, KPS Berhad posted RM301.5 million in revenue at 7% year-on-year (“YoY”) decline compared with RM325.5 million recorded in the corresponding quarter last year. The operating profit came in at RM18.8 million, grew marginally compared with RM18.5 million in the corresponding period last year. However, supported by lower income tax and zakat, the profit after tax and zakat (“PAT”) increased 43% to RM6.8 million compared with the RM4.7 million it booked in the corresponding quarter last year.
