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Thursday, November 27, 2008

Germany's Borsig drives Q3 of KNM

KNM Group Bhd (7164) , a maker of process equipment, says its third-quarter net profit jumped by almost 70 per cent, driven by its recent billion-ringgit purchase of Germany's Borsig GmbH.

KNM's third-quarter revenue was up by 93 per cent to RM746.2 million, pushing up its nine-month figure by 84 per cent to RM1.68 billion, helped by better manufacturing capacity and job orders.

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