Spritzer in a good position to chalk up higher earnings in the near term

PETALING JAYA: Spritzer Bhd, which reported two consecutive quarters of earnings growth, is in a good position to chalk up higher earnings in the near term owing to greater domestic travel and international tourist arrivals.

Malacca Securities in its latest report said that going forward, global tourism is expected to improve gradually to pre-Covid-19 pandemic levels, which would benefit the well-established Spritzer bottled water in tandem with the increase in tourism activities. Tourism Malaysia had reported a 160% year-on-year (y-o-y) increase in the first nine months of last year.