Ancom posts five-fold jump in earnings jump

In a statement, the agricultural and industrial chemicals manufacturer and supplier said the robust earnings growth was mainly attributable to strong sales from its agricultural chemicals division, coupled with higher profit margin attained from the industrial chemicals division.

PETALING JAYA: Ancom Bhd saw its net profit jump five-fold to RM9.3mil for the first half of its financial year ending May 31,2021 (FY21), from RM1.9mil in the corresponding period last year.

In a statement, the agricultural and industrial chemicals manufacturer and supplier said the robust earnings growth was mainly attributable to strong sales from its agricultural chemicals division, coupled with higher profit margin attained from the industrial chemicals division.