Net profit rose 40.34% to RM11.94 million, from RM8.51 million in 4QFY21, the group said in a stock exchange filing. It said its property division's profit before tax (PBT) jumped 225% year-on-year to RM4.79 million, due to a pickup in progress billing for its ongoing project. The pharmaceuticals and healthcare products division further improved the group's performance by delivering a PBT of RM3.15 million for the quarter. Other operating segments, which mainly involved property letting business, reported a higher PBT of RM462,000, from RM215,000 previously. For the full FY22, Kobay's net profit surged 91.66% to RM51.29 million from RM26.76 million in the previous financial year.

Source: The Edge Markets August 19, 2022 02:25 UTC