Ancom Nylex Achieves Higher Revenue Due To Improved Sales In Industrial Chemicals

Ancom Nylex achieved a pretax profit of RM26.638 million on the back of a turnover of RM510,014 million  for the third quarter of the year ending February 28, 2022, from  a pre-tax profit of RM14.479  million on the back of a turnover of RM389.2 million for the same period last year

For the current-year todate, it achieved RM63.275 million on the back of a turnover of RM1.447 billion from a pre-tax profit of RM35.477 million on the back of a turnover of RM1,092 billion

For the financial quarter ended 28 February 2022, the Group recorded higher revenue of RM510.0 million as compared with RM389.2 million in the corresponding quarter last year. Consequently, the Group reported a higher PBT of RM26.6 million compared to RM14.7 million in the corresponding quarter last year.

For the nine months ended 28 February 2022, the Group recorded higher revenue of RM1.4 billion as compared with RM1.1 billion in the corresponding period last year. The higher revenue was mainly due to improved sales performance by its Industrial Chemicals and Agricultural Chemicals divisions. Consequently, the Group reported a higher profit before taxation (“PBT”) of RM63.3 million as compared with RM35.5 million in the corresponding period last year.

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