KUALA LUMPUR (May 22): Chin Well Holdings Bhd, Malaysia’s largest carbon steel fastener manufacturer, has recorded a 50.1% surge in net profit to RM 7.1 million for its third quarter ended March 31, 2014.
Its third quarter revenue rose by 13.7% to RM130.8 million compared to RM115.0 million in previous third quarter.
Tsai Yung Chuan, managing director of Chin Well, said the company’s prospects remain bright as the company saw strong demand recovery from Europe.
“We believe Chin Well is poised to end the financial year ending 30 June 2014 (FY2014) on a positive note.”(…)
