KUALA LUMPUR (Nov 24): SKP Resources Bhd's net profit for the second quarter ended Sept 30, 2017 rose 54.4% to RM35.07 million from RM22.72 million a year ago.

This follows a 30.2% rise in quarterly revenue to RM594.16 million from RM456.45 million.

Cumulative six-month net profit jumped 67% to RM68.43 million from RM40.97 million a year earlier, with revenue rising 44% to RM1.12 billion from RM777.01 million.

SKP attributed the higher topline and bottomline in the first half to higher revenue recorded from existing key customers during the period.

Moving forward, SKP said it is confident of reporting consistent positive growth in the bottomline, backed by the strong orderbooks from its existing customers and operational efficiency.

Further, SKP said it will "keep its sight firmly" on developing its market further in the electronics manufacturing services sector and continue to pursue vertical integration status.

SKP's share price closed nine sen or 4.4% higher at RM2.12, valuing the group at RM2.61 billion.