PETALING JAYA: Magni-Tech Industries Bhd
is maintaining a cautious outlook for its business prospects heading into the second half of its fiscal year ending April 30, 2023, underpinned by “cloudy” factors such as the cost-of-living crisis, continued tightening of monetary policies by central banks in most regions and Russia’s invasion of Ukraine.
The manufacturing company, in a filing with Bursa Malaysia yesterday, noted subdued consumer sentiment and spending have also lent to its guarded perspective over its near-term future.
Already a subscriber? Log in.
Save 30% and win Bosch appliances! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
