<div class=newsTextDataWrapInner><p>PETALING JAYA (Nov 20): Chin Well Holdings Bhd's net profit rose 43.89% to RM8.95 million in its first financial quarter ended Sept 30, 2014 (1QFY15) from RM6.22 million a year ago on higher exports of fastener products to Europe.</p></div>

<div class=newsTextDataWrapInner><p>A filing with Bursa Malaysia today showed revenue rose 19.93% to RM127.52 against RM106.33 million in previous year's same quarter.</p></div>

<div class=newsTextDataWrapInner><p>Chin Well said the its fastener products -- nuts, bolts and screws -- posted a revenue of RM106.43 million, up 21.93% in 1Q15 from a year ago, mainly on higher export sales to Europe.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“In tandem with higher revenue, efficiency achieved from the economy of scale had contributed to the higher profit before tax in this division by 52.99% in the current quarter as compared to the preceding year corresponding quarter,” the report stated.</p></div>

<div class=newsTextDataWrapInner><p>The company said its wire products division recorded a higher revenue of RM21.09 million in 1Q15 versus RM19.03 million in 1QFY14, on continuos cost control measures.</p></div>

<div class=newsTextDataWrapInner><p>Chin Well intends to expand its Do-It-Yourself (DIY) retailer distribution network to generate higher margin for the group.</p></div>

<div class=newsTextDataWrapInner><p>It also expects satisfactory performance and growth in the current financial year.</p></div>


PETALING JAYA (Nov 20): Chin Well Holdings Bhd's net profit rose 43.89% to RM8.95 million in its first financial quarter ended Sept 30, 2014 (1QFY15) from RM6.22 million a year ago on higher exports of fastener products to Europe.

A filing with Bursa Malaysia today showed revenue rose 1...

Chin Well's 1Q15 net profit up 43.9% to RM8.95 mln on higher European sales

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