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Ekovest’s net profit shrinks to RM43.91 million in Q2

KUALA LUMPUR, Ekovest Bhd posted a lower net profit of RM43.91 million for the second quarter ended Dec 31, 2018 (2Q19) from RM53.10 million recorded in the same period last year.

Revenue, however, improved to RM361.18 million from RM295.57 million chalked up previously, mainly due to higher contributions from construction and toll operation sectors.

“The construction sector reported a higher revenue of RM263.16 million for 2Q19 versus RM182.76 million in 2Q18, mainly attributable to higher construction work done for Duke Phase 3 while the ‘River Of Life’ projects also contributed to increased revenue in the current quarter,” it said.

Source: BERNAMA News Agency

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