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CCM net profit down 44% on absence of pharma ops


On its prospects, CCM said it is “putting strong effort” to expand its chemicals and polymers divisions, since the de-merger of CCM Duopharma.

On its prospects, CCM said it is “putting strong effort” to expand its chemicals and polymers divisions, since the de-merger of CCM Duopharma.

PETALING JAYA: Chemical Company of Malaysia Bhd’s (CCM) net profit was slashed 44% year-on-year (y-o-y) in the third quarter of financial year 2018, mainly due to the absence of profit from its now-discontinued operations and higher tax expenses.

The chemicals and polymers producer told Bursa Malaysia that its net profit fell to RM4.57mil from RM8.2mil a year earlier.

Corporate News , CCM

   

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