Ancom Nylex posts record profit of RM81.47mil in FY24, upbeat on prospects

Ancom Nylex managing director and group CEO Lee Cheun Wei

KUALA LUMPUR: Ancom Nylex Bhd is upbeat on its growth prospects on the back of a record bottomline achieved in its 2024 financial year (FY24), although it anticipates market challenges will remain in the upcoming financial year.

The fully integrated chemical group said it posted a net profit of RM81.47mil in the financial year ended May 31, 2024, which compares to a net profit of RM75.13mil in the previous year.