Power Root expected to sustain recovery momentum

As producers of staple products, Power Root will be a potential beneficiary of improved consumer spending.

PETALING JAYA: Power Root Bhd is expected to sustain its recovery momentum into next year, supported by favourable raw material costs and moderating advertising and promotion (A&P) expenses.

According to RHB Research, the beverage distributor could record a net profit growth of 17% for the financial year ending March 31, 2020 (FY20).