PETALING JAYA: The overall weaker demand amidst the coronavirus (Covid-19) pandemic is expected to weigh on the earnings of SLP RESOURCES BHD
this year.
This is despite lower resin costs and the weaker ringgit being a boon to the group’s profit margins, said Affin Hwang Capital Research.
It expects SLP’s 2020 earnings before interest, tax, depreciation and amortisation (Ebitda) margin to shrink slightly to 17.9% from 18.4% last year.
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