Cahya Mata pre-tax profit jumps

New Straits Times - - Business -

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

PIC BY MUNIRA AB­DUL GHANI

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.

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