JOHOR BAHRU, 31 MAY 2021 – Johore Tin Berhad (“JohoreTin” or the “Group”), recorded revenue of RM113.83 million for its first quarter ended 31 March 2021 (“Q1FY21”), increased by 5.2% as compared to the RM108.19 million recorded in the preceding’s year corresponding quarter ended 31 March 2020 (“Q1FY20”).
Subsequently, the group register higher Profit Before Tax and Profit After Tax at RM12.72 million and RM9.75 million, significantly increased by 87.7% and 95.8% as compared to RM6.78 million and RM4.98 million recorded in Q1FY20.
For segmental review, the revenue for tin cans manufacturing segment increased by 23.8% at RM30.78 million during this quarter under review, as compared to RM24.86 million in Q1FY20. The increase in revenue as well as the adjustment in selling prices to tin cans customers in the current quarter contributed to the normalisation of the profit margin and therefore, a higher profit as compared to the Q1FY20.
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