Better margins on the cards for NTPM

Improving conditions: A file photo of workers in NTPM’s plant in Nibong Tebal, Penang. The company has seen increased sales to commercial customers.

PETALING JAYA: NTPM Holdings Bhd’s margins are expected to continue widening in upcoming quarters as raw material costs stabilise and stronger demand for its products lead to higher capacity utilisation.

CGS-CIMB Research said NTPM, a consumer goods and paper company, reported an operating margin of 9.7% in the first quarter of financial year 2024 (1Q24), rising by 1.4 percentage points quarter-on-quarter (q-o-q).