HB Global returns to the black in Q2


HB Global said there was a sharp recovery in revenue for both of its ready-to-serve food and frozen vegetable business segments.

PETALING JAYA: HB Global Ltd posted a net profit of RM5.85mil for the second quarter ended June 30, 2021 (Q2’FY21), compared with a net loss of RM1.9mil in the corresponding period of last year on cost savings. The company said this was the strongest quarterly net profit since Q4’FY17.

During the quarter under review, the group’s revenue rose to RM22.1mil from RM13.05mil in the previous corresponding quarter.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

FBM KLCI slips below 1,600 amid weak market sentiment
Pappajack shares to transfer to Main Market on Nov 22
BMW Group Malaysia to discuss with govt entities and local partners on EV assembly
Malaysia regains position as China's second-largest crude oil supplier
Indonesia central bank holds rates steady, as expected
Dollar touches one-week low as safety bid, 'Trump trade' momentum ebb
Forbes: Malaysia’s record FDI solidifies position as key economic player in Asean
CIMB onboards Shangri-La Asia and Kerry Properties in Hong Kong for sustainability-linked loans
HSS Engineers' 3Q net profit jumps to RM7.23mil
Reservoir Link Energy appointed PETRONAS panel contractor

Others Also Read