Cahya Mata pre-tax profit jumps
cent year-on-year from 5.1 per cent in March.
“We also expect Bank Negara Malaysia to continue looking KUALA LUMPUR: Cahya Mata Sarawak Bhd’s pre-tax profit jumped 68 per cent to RM38.54 million in the first quarter ended March 31, from RM22.91 million in the same period last year.
Revenue, however, fell 19 per cent to RM282.3 million from RM346.91 million due to lower sales volume in the construction past the recent rise in headline CPI inflation, which has been driven by administrative and supply measures, and keep the materials and trading and cement divisions, it said in a statement yesterday.
The construction and road maintenance division also reported lower revenue due to reduced federal road maintenance work and the completion of major projects last year. Bernama policy rate unchanged at three per cent for this year, while maintaining focus on core inflation and growth,” it added. Bernama
Malaysia’s exports picked up early this year on strong demand in the region, driven primarily by China’s inventory rebuild as well as higher commodity prices, says Standard Chartered Research.