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Thursday, August 28, 2014

KNM posted a 50.4% jump in net profits (Edge)

KNM Group Bhd
posted a 50.4% jump in net profits for its second quarter ended June 30, 2014 (2QFY14) to RM11.12 million, from RM7.39 million a year ago, mainly due to better project contribution margin.
The oil and gas group told Bursa Malaysia that its revenue rose 12.7% to RM489.31 million in 2QFY14, from RM434.09 million a year ago.

For its six months ended June 30, 2014 (1HFY14), KNM reported a two-fold increase in net profits to RM25.29 million, as compared to RM9.61 million a year ago.

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