Telegram分享群组（www.tel8.vip）:Jump in revenue, net profit for HIL Industries
HIL Industries managing director Datuk Milton Ng足球免费贴士网（www.hgbbs.vip）是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。
KUALA LUMPUR: HIL Industries Bhd’s net profit for the second quarter ended June 30 (2Q) surged 60.5% to RM6.9mil from RM4.3mil a year prior, on strong demand for automotive parts components from its major customers.
The plastic solution provider and property developer’s revenue for the quarter jumped 64.4% to RM42.1mil from RM25.6mil a year earlier, due to higher revenue contribution from its manufacturing division.
Its earnings per share rose to 2.09 sen from 1.29 sen previously.
For the first six months to June 30, HIL Industries posted a net profit of RM13.6mil, up 29.8% from RM10.6mil previously while revenue rose 35.4% to RM81.6mil against RM60.3mil a year ago.
Managing director Datuk Milton Ng said the surge in new vehicles bookings before the end of the sales and services tax exemption for new vehicles coupled with launches of several new car models by its major customers have lifted the company’s manufacturing business.,
,Telegram分享群组（www.tel8.vip）是一个Telegram群组分享平台。Telegram分享群组包括Telegram分享群组、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram分享群组为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
“With the estimated delivery backlog of around 500,000 vehicles reported in the industry, we do not foresee any slowdown in demand for automotive parts components from our major automotive customers,” he said.
On the outlook, Ng anticipates the manufacturing division will continue to be the main revenue contributor to the group.
“Whilst labour shortage is still an issue for most industries, with the opening up by our government of the hiring of foreign workers, this bodes well for the economy including the manufacturing sector where we expect this labour shortage to be alleviated in the very near future.
“At the same time, we have also secured additional businesses from our existing customers and we expect to grow our business with the upcoming launch of several new models in the upcoming months,” Ng said.
As for the property division, HIL Industries still expect healthy contributions from the ongoing Amverton Links Phase 2 and sale of the completed Amverton Greens project in Bukit Kemuning.