Power Root expected to sustain recovery momentum
PETALING JAYA: Power Root Bhd is expected to sustain its recovery momentum into next year, supported by favourable raw material costs and moderating advertising and promotion (A&P) expenses.
According to RHB Research, the beverage distributor could record a net profit growth of 17% for the financial year ending March 31, 2020 (FY20).
“This should be contributed mainly by favourable commodity price trends and stabilisation in sales, following the strategy to moderate A&P expenses initiated in FY19,” the brokerage said in its report.
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