Ancom Nylex posts record RM63m nine-month profit, rise of 10.7pc from last year driven by agrichem sector
KUALA LUMPUR, April 23 -- Chemicals manufacturer Ancom Nylex Bhd announced that it has recorded its all-time net profit of RM63 million over the nine months ending February 29, 2024, (9MFY24) to surpass the RM60-million mark for the first time.
This was an increase of 10.7 per cent year-on-year compared to RM56.9 million previously, amid a revenue of RM1.51 billion and earnings before tax and interest of RM79.3 million.
Managing Director and Group CEO of Ancom Nylex, Lee Cheun Wei touted a positive outlook for the group, highlighting its artificial intelligence (AI)-based products.
"Looking ahead, the outlook for Ancom Nylex continues to be bright as we move forward with the strategic initiatives we have in place. For our new AI, we ha...
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