KUALA LUMPUR: Lingkaran Trans Kota Holdings Bhd’s (Litrak) net profit for the second quarter (Q2) ended Sept 30, eased to RM37.48mil from RM70.77mil recorded in the same period last year.

       In a filing with Bursa Malaysia yesterday, it said revenue also slipped to RM77.54mil from RM123.60mil previously.

       “The group recorded lower tollable traffic volume in the current quarter as a result of the imposition of the enhanced movement control order from July 3, 2021 to July 16, 2021, due to record high numbers of daily Covid-19 infection cases,” said the highway concessionaire.

       It will take the necessary steps to mitigate the risks arising from the Covid-19 pandemic, including prudent management of its cash flows from its operating, investing and financing activities. — Bernama