Cahya Mata remains cautiously optimistic

For the first quarter ended March 31, 2024, Cahya Mata’s net profit dipped to RM38.25mil from RM42.56mil a year ago.

PETALING JAYA: Cahya Mata Sarawak Bhd remains cautiously optimistic about its prospects for 2024, despite challenges stemming from the high foreign exchange rate and the outcome of the ongoing arbitration for Cahya Mata Phosphates.

In a statement, the group said it will continue to refine its strategies to align with growth and value opportunities.