Samchem sees improved earnings

KUALA LUMPUR: Samchem Holdings Bhd is anticipating further improvements to its earnings on the back of its construction and infrastructure projects as well as higher activities across sectors.

“During the third quarter of financial year 2023 (3Q23), we achieved satisfactory results, marked by increased sales volume across all our key geographies despite prevailing subdued business sentiments,” said executive chairman Ng Thin Poh in a statement.

In 3Q23, Samchem recorded a net profit of RM8.49mil, which was up from RM6.5mil a year earlier.