Upbeat outlook for QL Resources on lower costs

PETALING JAYA: QL Resources Bhd’s near-term outlook looks positive, given the narrative that lower costs would outweigh slower revenue growth to further drive profit growth.

CGS International (CGSI) Research said, “This is especially true for its marine products manufacturing and integrated livestock farming businesses, which made up 82% of financial year 2024’s (FY24) core pre-tax profits.”