Cover Story 2: Improved 1Q results priced in, 2H profit growth seen on track
14 Jun 2024
This article first appeared in The Edge Malaysia Weekly on June 3, 2024 – June 9, 2024
THE total net earnings of the FBM KLCI’s 30 component stocks in the first quarter of this year came in at RM17.8 billion, 7.4% higher than the RM16.5 billion recorded in 1Q2023, with 20 companies reporting better earnings, led by Genting Bhd (KL:GENTING) (+500.9%), Sime Darby Plantation Bhd (KL:SIMEPLT) (+205.8%), Press Metal Aluminium Bhd (KL:PMETAL) (+44.7%) and Sime Darby Bhd (KL:SIME) (+41.7%).
Lee Weng Khuen (2024, June 13) Cover Story 2: Improved 1Q results priced in, 2H profit growth seen on track
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