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ALCOM manufactures rolled aluminum products, catering mostly for the export markets. It is also involved in property development activities.
• For 3QFY21, the group’s revenue jumped 84% YoY to RM130m as the group’s operations were previously severely impacted in 3QFY20 due to the reimposition of strict SOPs to contain the resurgence of the Covid-19 pandemic.
• In line with the higher revenue, the group’s net profit rose by 422% YoY to RM6.9m on the back of higher contributions from the manufacturing and property development segments. This brought 9MFY21’s net earnings to RM22.2m (versus a net loss of RM8.8m previously).
