Kumpulan Perangsang Selangor Berhad Records RM13.2 million in Operating Profits for 1Q19 on Stronger Contribution from Core Businesses

KUALA LUMPUR, May 31 (Bernama) — Investment holding company Kumpulan Perangsang Selangor Berhad (“Perangsang Selangor” or “the Company” or “the Group”, Bursa: 5843; Bloomberg: KUPS:MK; Reuters: KPSB.KL) posted a 64% increase in revenue to RM157.5 million for the quarter ended 31 March 2019, as compared to RM95.8 million in the corresponding quarter last year.  Riding on the success of its Business Transformation Plan (“BTP”) and continuous business improvement mobilised on all subsidiary companies thus far, the operating profits continued to improve, posting a strong turnaround to RM13.2 million as compared to RM4.1 million loss in the corresponding period last year.  Unlike in the past, stronger set of numbers this quarter was driven mainly by higher contributions from the core businesses, especially from the manufacturing division.

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