Kian Ann Engineering, the distributor of heavy machinery parts, reported a 28.1% growth in net profit after tax of $7.3 million for the six-month ended 31 December 2009 (1HFY2010).
Group sales increased slightly by $0.2 million from $73.6 million to $73.8 million for the period under review. Sales from Malaysia climbed 17.2% or $3.1 million to $21.3 million, primarily due to a continuous recovery in demand for parts from timber and palm oil industries.
Sales from other Asian countries decreased by 8.1% from $7.8 million to $7.2 million for the period under review as a result of lower demand from India and Pakistan.
