Boustead’s new boss to tackle challenges head on

“While the economic conditionmay provide a significant headwindto Boustead’s performance, weare seeing a lot of positive newsflow from our pharmaceuticaland plantation businesses.” - Datuk Seri Mohammed Shazalli Ramly

AFTER incurring three consecutive years of net losses, Boustead Holdings Bhd, which is majority owned by the Armed Forces Fund Board (LTAT), still continues to find itself in turbulent waters.

The company, which has business interests in various sectors of the economy but is struggling to return to profitability in the near term, also builds combat ships for the country’s navy and is 59.4% owned by the LTAT.