Ancom Nylex’s 3Q net profit more than doubles

In its filing with Bursa Malaysia, it said the higher revenue was mainly due to improved sales performance by its industrial chemicals and agricultural chemicals divisions.

PETALING JAYA: Ancom Nylex Bhd’s net profit more than doubled to RM15.1mil for the third quarter ended Feb 28, 2022 (3Q22), from RM7.1mil in the corresponding quarter last year, driven by its agricultural chemicals and polymer divisions.

During the quarter under review, the diversified industrial and agricultural chemicals group saw its revenue grow 31% to RM510mil from RM389mil from the previous corresponding quarter.