Hiap Teck posts RM156mil net profit in FY22


KUALA LUMPUR: Hiap Teck Venture Bhd’s net profit decreased marginally to RM156.01mil in the financial year ended July 31, 2022, from RM163.43mil a year ago amid higher cost of goods sold.

In a filing with Bursa Malaysia, Hiap Teck said revenue rose 46% year-on-year (y-o-y) to RM1.58bil from RM1.08bil, thanks to a higher average selling price, Bernama reported

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