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Wisynco makes higher Q1 profit, record earnings

Manufacturing and distribution company Wisynco Group made more profit in its first quarter ended September. 
 
Post tax earning for the three months amounted to $1.3 billion.
 
That's $330.2 million more than the same period last year, when Wisynco made a profit of $967 million. 
 
Total earnings for the quarter were up $2.7 billion.
 
This brings its total income for the quarter to a historic high of $11.9 billion - an increase of 29.8 per cent.
 
For the same period in 2021, the company made $9.2 billion.
 
Wisynco says despite supply chain challenges, it saw an increase in demand for its products from all channels including exports, which were up 10 per cent over the same quarter of the prior year. 


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