Cahya Mata’s full-year earnings target raised


PETALING JAYA: Following Cahya Mata Sarawak Bhd’s stronger-than-expected results for the first quarter of financial year 2022 (1Q22), some analysts have raised the full-year earnings target for the conglomerate.

Driven mainly by improved performances of its cement and road maintenance divisions, plus share from associates, 1Q22 core earnings grew to RM73.9mil.

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