PETALING JAYA: Comintel Corp Bhd
remains cautious about the recovery and growth of the property market and construction industry, for its financial year ending Jan 31, 2023 (FY23).
In a filing with Bursa Malaysia, the Practice Note 17 group said as the Malaysian economy recovers after the impact of the Covid-19 pandemic, the increase in the minimum wage, shortage of skilled labour, adverse fluctuations in building materials prices, increase in oil prices and rising logistic costs could adversely affect the group’s profitability.
