KPS expects moderate business progress in H2

“We are circumspect about the prospect of the business in the immediate term, heeding from the cautionary signals in the operating environment,” said KPS managing director and group CEO Ahmad Fariz Hassan.

SHAH ALAM: Kumpulan Perangsang Selangor Bhd (KPS) expects moderate business progress in the second half due to supply chain challenges including the shortage of integrated circuit (IC) chips, escalated resin and paper prices, and limited freight capacity.

It planned to take a more sustainable price-to-cost position by expanding the cost-pass-through mechanism to a more extensive customer base while supporting demand.