PETALING JAYA: QL Resources Bhd
is cautiously optimistic that its business performance will remain satisfactory in the coming quarter, as it is upbeat that egg demand and prices will rebound to cushion the impact from the removal of the subsidy on egg costs.
For its first quarter ended June 30, QL Resources’ net profit dipped to RM100.6mil from RM107.43mil in the previous corresponding period, while revenue rose to RM1.7bil from RM1.6bil a year earlier.
In a filing with Bursa Malaysia, the company said sales for its marine product manufacturing segment were marginally lower than the previous corresponding quarter, due to substantially lower fishmeal volume and depressed international prices.
