Ancom Nylex’s winning formulation

PETALING JAYA: Ancom Nylex Bhd’s margins are expected to stay firm on the back of a positive outlook for monosodium methanearsonate (MSMA) herbicide, expanded agri-chemical portfolio and healthy timber preservative orders in the near term.

For the first half of financial year 2024 (1H24) the producer of agri-chemicals’ core net profit increased by 3% year-on-year (y-o-y) to RM43mil, as stronger agriculture and industrial-chemical profits were offset by higher non-core losses and weak logistics earnings.