“This RM180 million is the cost incurred so far for phase one and phase two of our development plan,” said Piong. Revenue rose 10.4% to RM160.23 million from RM145.17 million in FY15 as a result of higher sales in the group’s export markets. For the first half of FY17 (1HFY17), net profit jumped nearly 40% to RM5.88 million, from RM4.22 million in 1HFY16. “Last year, export markets constituted 46% of our sales, and this year, we will most likely cross the 50% mark,” said Piong. “Our group strategy is to focus on export markets.

Source: The Edge Markets February 10, 2017 02:37 UTC