PETALING JAYA: Samchem Holdings Bhd
posted lower earnings and revenue for the first quarter ended March 31, 2023 due to a decline in sales and weaker prices.
In a filing with Bursa Malaysia yesterday, Samchem said it posted a 29.9% year-on-year (y-o-y) drop in revenue to RM255.39mil due to a decrease in average selling price and sales volume.
Earnings fell 67% y-o-y to RM6.5mil or earning per share of 1.2 sen due to lower sales volume and margins in the quarter.
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