Kumpulan Perangsang Selangor Berhad (“KPS Berhad” or “the Company” or “the Group”) (KPS, Bursa: 5843; Bloomberg: KUPS:MK; Reuters: KPSB.KL) today announced its financial results for the quarter and period ended 30 June 2024. KPS Berhad reported a 10% growth in revenue to RM280.7 million for the quarter, compared to RM255.1 million in the corresponding quarter last year (“Q2 FY2023”), reflecting an improved demand from the consumer electronics segment and as a result, a recovery in the manufacturing business.  The Company also posted a profit after tax and zakat (“PAT”) of RM10.1 million, up from RM3.6 million, supported also by an increased contribution from the trading business.

Tetra Pak, a world-leading processing and packaging solutions company, has published a whitepaper that introduces an innovative approach to sugar reduction in fruit juices. This development comes in response to the growing health concerns around sugar and the implementation of regulatory policies across Southeast Asia.

WCT Holdings Berhad (“WCT” or “the Group”), an investment holding company with businesses in engineering and construction, property development, and investment in and management of retail malls and hotels, recorded revenue of RM376 million in the second quarter ended 30 June 2024 (“Q2FY24”) as compared to RM424 million in the preceding year’s corresponding quarter which ended on 30 June 2023 (“Q2FY23”). The Group recorded profit attributable to equity holders of RM31 million in Q2FY24, as compared to RM13 million in Q2FY23.