SHAH ALAM, Feb 27 (Bernama) — Kumpulan Perangsang Selangor Berhad (“KPS Berhad” or “the Group”) (KPS, Bursa: 5843; Bloomberg: KUPS:MK; Reuters: KPSB.KL) yesterday announced a lower revenue of RM1,228.5 million for the fiscal year ended 31 December 2023, a 9.7% drop from RM1,360.6 million it recorded in the same period last year (“FY2022”), primarily attributed to lower contribution from the manufacturing business, as a result of weaker consumer demand in the electrical and electronic sector. Foreign exchange losses and higher finance costs, as well as a lower share of profit from associates, exerted an impact on the Group’s financial performance, towing the profit after tax and zakat (“PAT”) to RM19.3 million from RM85.9 million registered in the corresponding period last year.
HIGHLIGHTS FOR THE QUARTER ENDED 31 DECEMBER 2023
