QL's 1Q profit almost doubles to RM82.4mil

QL Resources

KUALA LUMPUR: QL Resources Bhd, which saw its net profit almost double to RM82.42mil in the first quarter ended June 30, is optimistic that the overall business performance will remain positive.

“Despite prolonged Russia-Ukraine war, increased Sino-US political tension and heightened risk of global recession triggered by the aggressive interest rate hike, the management is optimistic that the overall business performance will remain positive with the normalisation of economic activities and continued cost subsidy by the Malaysian government to help to mitigate high farming cost,” the integrated agro-based business group said.