Leon Fuat optimistic about 2023 performance

Leon Fuat Bhd executive director Calvin Ooi Shang How

KUALA LUMPUR: Leon Fuat Bhd is optimistic of achieving positive results for the remaining quarters of the year, according to executive director Calvin Ooi Shang How.

“The headwinds remain considerable with slower growth momentum in the domestic economy and a challenging operating landscape impacted by high costs and a weak ringgit,” he said in a statement.

Ooi said the group would continue to seek out new customers among small-medium enterprises across various industries.

The manufacturer and trader of steel products saw its net profit dipped to RM10.7mil, or earnings per share of 3.15 sen against RM23.9mil, or 7.01 sen in the same quarter last year.

Revenue fell 14.4% to RM233.7mil from RM273mil last year.

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Leon Fuat


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