Khong Guan Limited reported increased revenue and successfully turned around a loss into a profit attributable to equity holders compared to the same period last year. This improvement was driven by key operational and investment factors. The Group notes the presence of external challenges like inflationary pressures and competition in the challenging consumer landscape.
• Sales growth, particularly from the Malaysian subsidiaries, provided a lift
• Improved profitability was significantly boosted by stronger results from key subsidiaries
• Investment performance and contributions from associates also saw a positive shift
