PETALING JAYA: Barring unforeseen circumstances, LB Aluminium Bhd
is cautiously optimistic that it will remain profitable for the coming quarters as it acknowledges that recent global aluminium price fluctuations have raised the cost of aluminium billets, its main raw material.
LB Aluminium said while a stronger ringgit against the US dollar has partially offset the increase in billet costs, this has also reduced its export revenue.
“We will continue to monitor aluminium prices and exchange rates closely, and adjust selling prices as needed to protect margins.
“We are also monitoring our operational costs to maintain resilience and competitiveness in a rapidly changing market,” said the group.
Releasing its results for the third quarter ended January 2026 (3Q26) yesterday, LB Aluminium saw net profit jump 57.9% year-on-year (y-o-y) to RM20mil, while revenue increased 6.5% to RM270.2mil.
The group attributed higher contributions from both its aluminium and property segments for the better 3Q26 performance, with the former enjoying higher margins, while better cumulative earnings and work progress in the latter from the Platinum South Valley 1 and 2 projects also helped bottom line growth.
For the nine months ended January, LB Aluminium saw net profit soar 83.9% y-o-y to RM53.6mil, despite a marginal decrease in top line to RM811.5mil.
