KUALA LUMPUR (April 30): Luxchem Corporation Bhd's first-quarter net profit fell slightly to RM9.60 million from RM9.63 million a year ago. Earnings per share dropped to 1.11 sen from 1.14 sen.
Revenue for the quarter ended March 31, 2019, however, was up 2.95% to RM202.45 million from RM196.65 million previously, which the group attributed mainly to its trading segment.
In a filing to Bursa Malaysia, the industrial chemical supplier said its performance moving forward may be affected by various factors, including fluctuations in the US dollar-ringgit exchange rate.
Other factors included raw material price fluctuations, raw material demand and supply situations, and competition.
As such, Luxchem said it will continue to improve its own productivity and efficiency to face these external uncontrollable factors.
Luxchem's share price closed unchanged at 52 sen today, for a market capitalisation of RM455.27 million. It saw some 122,500 shares traded.