Guan Chong in for firmer earnings on new grinding facility

Guan Chong is involved in the manufacturing of cocoa-derived food ingredients, namely cocoa mass, cocoa butter, cocoa cake and cocoa powder.

KUALA LUMPUR: Guan Chong Bhd is expected to see stronger earnings in the second half of 2022 due to maiden earnings contribution from its new Ivory Coast cocoa grinding facility, according to AmInvestment Bank Research.

The group is involved in the manufacturing of cocoa-derived food ingredients, namely cocoa mass, cocoa butter, cocoa cake and cocoa powder.