KUALA LUMPUR (July 26): Ajiya Bhd said its net profit for the second quarter ended May 31, 2018 surged 201.86% to RM4.86 million or 1.62 sen per share, from RM1.62 million or 0.53 sen per share a year earlier, as the revenue and margin of certain products showed improvements.

Quarterly revenue rose 14.64% to RM103.74 million from RM90.48 million, mainly on higher demand for the group's metal products, Ajiya said in a filing with Bursa Malaysia.

For the six-month cumulative period, the group's net profit fell 43.94% to RM5.97 million from RM10.66 million a year ago, while revenue was up 5.5% to RM194.47 million from RM184.32 million.

Going forward, Ajiya said the group is poised to take advantage on its long-term strategy to be the total solutions provider from its Ajiya Green Integrated Building System.

"Our traditional business of providing building materials such as metal and glass products will put us in good stead as part of a total solutions provider," the group added.

Ajiya said it believes the new Pakatan Harapan government will be favourable to the business environment.

Shares in Ajiya closed higher by 4.5% or 2.5 sen at 58 sen, giving a market capitalisation of RM175.07 million.