United Malacca's net profit slips to RM60.38mil for FY23

KUALA LUMPUR: United Malacca Bhd's net profit slipped to RM60.38 million in the financial year ended April 30, 2023 (FY2023) from RM108.19 million in FY2022, dragged down by lower average crude palm oil (CPO) prices.

Revenue for the year, however, was higher at RM604.50 million from RM553.96 million, according to its filing with Bursa Malaysia today.