PETALING JAYA: Industrial manufacturer Luxchem Corp Bhd
is maintaining a cautious outlook as it moves further into 2023.
In a filing with Bursa Malaysia yesterday, it cited several key challenges such as exchange rates of the ringgit against the dollar in a rising interest rate environment, raw material price fluctuations, raw material demand and supply situations.
It added that stiff competition, as well as the ongoing conflict between Russia and Ukraine, were also reasons for its guarded outlook.
The company released its results for the quarter ended Dec 31 2022, which is also its financial year-end, yesterday.
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