PETALING JAYA: As the country marks a year into the movement control order (MCO) that was first imposed in March 2020, corporate Malaysia has to an extent rebounded from the lows seen a year ago.
Earnings are picking up once again and some companies – apart from glove makers and semiconductor players – have posted a better bottomline than their pre-Covid-19 levels.
Based on data compiled by MIDF Research, the aggregate normalised net profit of FBM KLCI’s 30 constituents has hit RM15.38bil in the fourth quarter of 2020, marking a 21.6% year-on-year (y-o-y) increase from RM12.65bil in the fourth quarter of 2019.
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