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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Toyota still has the drive
Hurdles in DBS’ Alliance Bank bid
Metals keep shining bright
Retailers get a lift from Sara
iCents eyes Asean
Ringgit likely to trade within narrow range next week ahead of BNM OPR decision
Reading the market signals
Breathing new life into forgotten spaces
Urban harmony: Can stakeholders row together?
China’s gold rush continues

Others Also Read