KUALA LUMPUR: Tomei Consolidated Bhd posted a net profit of RM5.6 million in the second quarter ended June 2017, almost 12 times higher than RM0.48 million in the same period a year ago due to improvement in the retail and manufacturing & wholesales segment.
For the financial year to-date, the group reported higher net profit of RM9.95 million compared to RM3.88 million reported in the corresponding period last year.
Its retail segment has managed to turn around to profit of RM4.946 million during the second quarter due to higher demand for its product.
Despite a soft retail environment, the company said its retail operation will continue to improve.
“As part of our strategy, we have introduced many new products range to the market in serving our customer. We expect this effort to sustain the profitability of the group for the remaining part of the financial year,” the company said in a filing to Bursa Malaysia.