Samchem’s 2Q net profit rose 33.83%
by TMR
Samchem Holdings Bhd’s net profit for the second quarter ended June 30, 2018 (2Q18) rose 33.83% year-on-year (YoY) to RM4.51 million due to increase in sales in the current quarter under review.
 
Revenue for the quarter increased 29.29% YoY to RM279.27 million.
 
In an exchange filing Friday, Samchem declared a second interim single-tier dividend of 1.0 sen per share.
 
Its directors expect the group’s performance for the year will be positive, driven by continued cost reduction measures, increased operational efficiency and growth in sales.
 
Samchem’s profit for the financial year to date jumped 50.72% to RM12.63 million while revenue was up by  25.03% to RM542.09 million.