KUALA LUMPUR: Sam Engineering & Equipment (M) Bhd reported higher sales and profits in the second quarter ended Sept 30, supported by the strong demand for aerospace products.

       This mitigated the lower contribution from its equipment segment, which was affected by the temporary closure of two factories in Penang during the quarter.

       Net profit rose to RM16.5mil from RM15.5mil registered in the same quarter last year. Revenue was up at RM234.8mil compared with RM221mil previously.

       “The higher revenue from the Aerospace segment was mainly due to increase in sales of casing and aerostructures products,” the company said in a filing with Bursa Malaysia.

       “For the Equipment segment, the lower revenue was mainly due to push out of deliveries to customers caused by the temporary closure of 2 factories in Penang due to COVID-19 restriction,” it added.？

       SAM Engineering also said the re-opening of international borders was a positive development for the industry.