PETALING JAYA: Cahya Mata Sarawak Bhd’s (CMS) net profit for the first quarter ended March 31, 2022 dipped by 7% to RM72.02mil compared with RM77.80mil in the previous corresponding quarter.

       The lower profit was due to higher tax expense recognised in relation to higher taxable income as the company recorded slightly improved pre-tax profit.

       For the quarter under review, the group’s revenue rose 6% to RM214.04mil compared with RM202.06mil in the previous corresponding quarter due to higher contributions from its cement and road maintenance divisions.