Stronger diesel engine sales accelerate Hong Leong Asia's Q2 earnings
Hong Leong Asia turned in a strong quarter, with a net profit of $9.3 million, up 86.2 per cent from the same period last year.
Revenue for the second quarter ended June 30 was up 9.3 per cent at $1.19 billion.
This was mainly due to higher revenue from the diesel engines unit, offset by lower revenue from the consumer products unit.
The number of diesel engines sold during the quarter rose by 23.6 per cent, mainly due to higher sales volume of agricultural, industrial and truck engines.