KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd
's net profit for the first quarter ended March 31, 2020, rose nearly two-fold to RM3.14mil from the previous corresponding quarter as revenue was bolstered by a broader earnings base.
In a filing with Bursa Malaysia, the group said revenue for the quarter jumped 49% year-on-year (y-o-y) to RM234.4mil as Toyoplas Manufacturing (Malaysia) Sdn Bhd was included in its investment portfolio following its acquisition last year.
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