KUALA LUMPUR: Hong Seng Consolidated Bhd
’s net revenue soared greater than seven instances to RM42.3mil in the second quarter ended March 31 from RM6.03mil a yr in the past.
Revenue for the quarter confirmed a two-fold enhance to RM117.61mil in opposition to RM56.43mil posted final yr.
Group managing director Datuk Seri Teoh Hai Hin stated: “Hong Seng’s aggressive expansion into diverse business segments continues to bear fruit as it delivers yet another impressive quarterly result.
“Our healthcare arm HS Bio Group remains the largest contributor and most exciting prospect of the group, but we are also looking forward to our other pillars which will start ramping up very soon.”
“The group’s cash and bank balances of RM134.88mil as at March 31 is expected to keep us resilient with liquidity buffers in a challenging economic environment while allowing us to seize opportunities that will improve the group’s operations and financial performances in the future,” Teoh stated.
