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MSM International Returns to Profit in Fiscal H2 as Revenue Rises; Shares Surge 21%

MT Newswires ·  {{timeTz}}

03:12 AM EDT, 05/31/2022 (MT Newswires) -- MSM International (SGX:5QR) swung back to profit in fiscal H2 on a 43.5% increase in revenue.

The metal engineering company reported Monday an attributable net profit of 2.7 million Malaysian ringgit ($624,272), compared with a loss of 6.7 million ringgit a year earlier.

Revenue increased to 48.8 million ringgit in the six months through March 31 from about 34.0 million ringgit a year earlier on an increase in original equipment contract manufacturing, cleanroom and laboratories, and kitchen appliances segments.

Shares of MSM soared nearly 21% in recent trade.

Price (SGD): S$0.04, Change: S$+0.01, Percent Change: +20.69%

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