A-Rank to focus on maintaining cost efficiency

PETALING JAYA: A-Rank Bhd is cautiously optimistic about its outlook for the financial year ending July 31, 2024 (FY24), reiterating that it will continue to focus on improving cost efficiency and operational recovery.

Fresh from releasing results for its first quarter ended Oct 31 (1Q24), the aluminium billet manufacturer and property developer saw net profit sliding 9% year-on-year (y-o-y) to RM3.2mil, despite a y-o-y revenue growth of 14.3% to RM180.8mil.