MSM to strengthen domestic sales

The producer of Gula Prai refined sugar posted a wider net loss of RM32.4mi in the second quarter ended June 30 compared with a net loss of RM20.8mil in 2Q23.

KUALA LUMPUR: MSM Malaysia Holdings Bhd remains cautious about rising geopolitical tensions, which could increase input costs and impact financial performance.

“The sugar industry continues to face elevated input costs, driven by persistently high global freight and natural gas prices. Moreover, raw sugar price is volatile mainly due to fluctuating global production volume.