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Malayan Cement records rise in profit in the first quarter of 2025 financial year

Malayan Cement’s net profit rose by 45% year-on-year to US$31.4m for the first quarter of the 2025 financial year ending 30 September 2024, up from US$21.6m in the same period in 2023. Revenue increased by 3% year-on-year to US$264m from around US$257m. The company stated that its ready-mixed concrete segment had contributed a higher share of revenue due to heightened demand for concrete products. It anticipates continued domestic demand and plans to increase export capacities, especially at its Langkawi plant.