SHAH ALAM, Nov 27 (Bernama) — Kumpulan Perangsang Selangor Berhad (“KPS Berhad” or “the Company” or “the Group”) (KPS, Bursa: 5843; Bloomberg: KUPS:MK; Reuters: KPSB.KL) reported a lower revenue of RM332.9 million, posting a 13% year-on-year (“YoY”) decrease from the RM382.8 million recorded in the corresponding quarter last year. Operating profit fell 34% to RM22.5 million as compared with RM34.0 million in the corresponding period last year, as prevalent operational challenges encountered by the manufacturing subsidiaries put pressure on margin. Consequently, profit after tax and zakat (“PAT”) decreased by 49% to RM8.6 million, from RM16.9 million in the same quarter of the previous year.
HIGHLIGHTS FOR THE QUARTER ENDED 30 SEPTEMBER 2023
The Group’s total revenue of RM332.9 million for the quarter was mainly made of its manufacturing business comprising Toyoplas Manufacturing (Malaysia) Sdn Bhd (“Toyoplas”), CPI (Penang) Sdn Bhd (“CPI”), MDS Advance Sdn Bhd (“MDS Advance”), Century Bond Bhd (“CBB”), and King Koil Manufacturing West LLC (“KKMW”), which accounted for 84% of the total revenue. The manufacturing business recorded a revenue decline of 13% YoY, in contrast to the RM323.1 million reported in the same period of the preceding year.
