Drag on Spritzer’s profit margin seen

While the group’s sales will likely recover given the reopening of the economy, Public Investment Bank Research (PublicInvest) is wary about the group’s profit margins due to the spike in resin prices.

PETALING JAYA: Spritzer Bhd’s margins in the near term are expected to be dragged down by higher input costs, the stronger US dollar and down-trading activities.

While the group’s sales will likely recover given the reopening of the economy, Public Investment Bank Research (PublicInvest) is wary about the group’s profit margins due to the spike in resin prices.