PETALING JAYA: Ancom Nylex Bhd
will continue to be vigilant in managing its risks and will continue to explore and expand opportunities for its business.
In a filing with Bursa Malaysia, the company said the current geopolitical uncertainty remains elevated and has fuelled armed conflicts and trade tensions in numerous parts of the world.
For the second quarter ended Nov 30, 2024, Ancom Nylex’s net profit dipped to RM15.16mil from RM22.12mil in the previous corresponding period, while revenue fell to RM450.71mil from RM505.16mil a year earlier. Basic earnings per share stood at 1.26 sen versus 2.33 sen previously.
The company said it recorded lower revenue for its investment holding, information technology, media and electrical businesses, as well as for the industrial chemicals and logistics divisions.
For the six-month period ended Nov 30, 2024, Ancom Nylex’s net profit dropped to RM28.37mil from RM42.92mil in the previous corresponding period, while revenue slipped to RM966.25mil from RM992.52mil previously.
