MULTI-PURPOSE Holdings Bhd (MPHB) Q2 Profit JUMP !

MULTI-PURPOSE Holdings Bhd (MPHB)’s net profit for the second quarter increased from RM60 million to RM70 million, a 16.5% increase.

The jump was due to a better results from gaming and stockbroking divisions.

However, its revenue was down from RM871 million to RM865 million.

The company also announced a 5% interim dividend to be pay on October.

Another good result from the company but the fell of revenue is not a good sign. Is it due to inflation, causing people don't have extra money to bet?