PETALING JAYA: LB Aluminium Bhd
believes the recent stabilisation in both the global aluminium prices and the dollar vis-à-vis the ringgit has reduced the fluctuations on its raw materials cost.
In a filing with Bursa Malaysia, the aluminium manufacturer and property developer said it will remain attentive and vigilant while closely monitoring its operational cost.
For the first quarter ended July 31, 2025, LB Aluminium’s net profit rose to RM11.6mil from RM8.86mil in the previous corresponding period.
The company said the higher profit before tax (PBT) for the aluminium segment of RM9.20mil was due mainly to the higher revenue.
“Meanwhile, the higher PBT for the property segment of RM18.35mil was primarily owing to better margins from both the PSV 1 Residences and PSV 2 Residences.”
Revenue in 1Q25 slipped to RM270.43mil from RM279.76mil a year earlier.
LB Aluminium said all its property projects will continue to contribute positively to the group, as it aims to achieve higher sales and work progress in the future.
“Barring unforeseen circumstances, the board is cautiously optimistic that the group will be profitable for the forthcoming quarter.”
