The company's revenue dipped to RM319.01mil from RM344.65mil a year earlier.
PETALING JAYA: Thong Guan Industries Bhd
says the implementation of the minimum wage in Malaysia in the first quarter of this year has added to cost pressures by increasing payroll and overall operational expenses.
In a filing with Bursa Malaysia, the plastic packaging manufacturer said it was committed to cost mitigation through waste reduction, process optimisation and improved operational efficiency.
