QL Resources optimistic of positive outlook

KUALA LUMPUR: QL Resources Bhd, which saw its net profit almost double to RM82.42mil in the first quarter ended June 30, 2022 (1Q22), is optimistic its overall business performance will remain positive with the normalisation of economic activity in Malaysia.

“Management is optimistic that the overall performance will remain positive with the normalisation of economic activities and continued cost subsidies by the Malaysian government, to help to mitigate high farming costs,” the integrated agro-based group said in its filing with Bursa Malaysia yesterday.