CMS on track for better year after strong 3Q net profit

PETALING JAYA: Cahya Mata Sarawak Bhd (CMS) is on track to register a better financial year, after posting strong earnings for the third quarter (3Q22) ended Sept 30.

Several research houses have raised their earnings forecast for the company’s financial year 2022 (FY22) and FY23, following the RM154.36mil net profit it posted for 3Q22, which was almost a three-fold increase over the RM53.88mil net profit it made in the 3Q21.