PETALING JAYA: Bioalpha Holdings Bhd swung back to profitability, with a net profit of RM1.5mil for the second quarter ended June 30, 2021 (Q2’21), compared with a net loss of RM7.9mil in the corresponding quarter last year, on higher revenue.
For the period under review, the health supplement company posted its best-ever quarterly revenue at RM29.9mil, up more than four-fold from RM6.4mil in Q2’20.
Year-to-date, Bioalpha’s net profit was RM3mil against a net loss of RM13.4mil in the six months to June 2020, while revenue rose four-fold to RM54.7mil from RM12.9mil.
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