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THE consumer sector, especially the food and beverage (FB) sub-sector, is anticipated to show single-digit growth for 2003 in line with the projected gross domestic product (GDP) growth for the year even though the health and growth of the consumer sector is really dependent on a whole host of factors, ranging from world commodity prices to local consumer spending habits.
MAGNUM Corp Bhd is expected to announce later this month a 2002 net profit of between RM221.3mil and RM251mil, with some brokers seeing pressure on the results from declining sales in the company's numbers forecasting operations (NFO) as a result of competition from illegal betting and the repatriation of foreign workers last year.
PLANTATION giant IOI Corp Bhd has turned in a sterling performance for its first half ended Dec 31, 2002, with group pre-tax profit almost doubling to RM414.2mil from RM215mil a year earlier, thanks to buoyant crude palm oil (CPO) prices.
FRASER Neave Holdings Bhd's (FN) pre-tax profit rose 26.1% to RM39.5mil for the first quarter ended Dec 31, 2002 compared with the previous corresponding quarter.