Sern Kou Resources' net profit increase 47pc to RM2.04mil in Q1

Sern Kou Resources' net profit increase 47pc to RM2.04mil in Q1

9 days ago

KUALA LUMPUR: Sern Kou Resources Bhd's net profit increased 47 per cent to RM2.04 million in the first quarter (Q1) ended Sept 30, 2022 from the RM1.39 million recorded in the same quarter a year ago.

In a statement today, the company said the larger-than-proportionate increase stemmed from improvement in manufacturing and trading of furniture segment coupled with lower effective tax rate incurred in the current quarter.

Revenue in Q1 increased 43.7 per cent to RM112.03 million from RM77.96 million.

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