Flood damper on Q4 profits seen

Meanwhile, Federation of Malaysian Manufacturers president Tan Sri Soh Thian Lai was quoted in a Reuters report earlier this week as saying that damage to property, other assets and products, as well as production disruption, will impact industries in the Shah Alam and Klang districts.

PETALING JAYA: Corporate earnings in the final quarter of 2021 could be dampened slightly, following one of the worst floods to hit the country in recent history.

The disaster, which occurred on Dec 17 and 18, has been dubbed the “once-in-a-hundred years rainfall” and is set to impact the businesses of local port operators and manufacturers, as well as the country’s plantation and tourism industries.