Malaysia: Malayan Cement’s net profit for the first quarter of its current fiscal year, the three months to 30 September 2023, increased to US$20.5m from US$203,000 during the same period of the prior fiscal year. Its revenue also rose, to US$250m from US$183m. This was mainly due to higher sales volumes and stabilisation in the selling prices of domestic cement and ready-mixed concrete.
Malayan Cement posts improved results in first fiscal quarter
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