“We are benefitting from encouraging growth in global demand for cocoa ingredients, especially in Asia due to rising consumer affluence and appreciation of chocolate and related products, ” managing director and CEO Brandon Tay Hoe Lian said in a statement.
PETALING JAYA: Guan Chong Bhd
, the world’s fourth-largest cocoa grinder, says strong demand for the chocolate ingredient worldwide and rising product prices have boosted its earnings and revenue.
Net profit in the second quarter ended June 30 surged 42% to RM61mil from RM43mil a year ago.
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