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Guan Chong Posts Record-high Quarterly Net Profit of RM92 Mil in 1Q
Guan Chong Bhd [KL:GCB], the world’s fourth-largest cocoa grinder, announced that net profit for the first quarter ended March 31, 2024 (1QFY2024) jumped almost four-fold year-on-year, thanks to higher selling price for cocoa butter and increased sales volume for cocoa solids.
Cocoa Grinder Guan Chong Still a 'Buy' at RHB Research, New Target Price of RM3.30
Guan Chong Bhd, the world's fourth-largest cocoa grinder, has retained a 'Buy' call for its shares at RHB Research with a 52-week target price of RM3.30, up 60 sen from its earlier price.
Guan Chong Posts Lower 4Q Earnings Despite Jump in Revenue, Due to Higher Finance Costs, Tax Expenses
Cocoa grinder Guan Chong Bhd’s fourth quarter net profit slipped 18.76% to RM15.25 million or 1.30 sen per share, from RM18.78 million or 1.72 sen per share a year ago, dragged by increased finance cost from higher borrowings, and also due to lower grinding margins and higher tax expenses.
Market Chatter: Guan Chong Starts Operations of Industrial Chocolate Factory in UK
Guan Chong (KLSE:GCB) started operations of its industrial chocolate factory in the United Kingdom, The Star reported Monday, citing the company. The chocolate and cocoa products manufacturer invested
Guan Chong's Profit Drops in Q2
Guan Chong's (KLSE:GCB) profit attributable to owners shrank to 28.1 million ringgit in the second quarter, from 44.6 million ringgit a year earlier. Earnings per share slid to 0.0239 ringgit from 0.0
MARC Affirms AA-IS Rating on Guan Chong's RM800 Mil Sukuk Programme
MARC Ratings affirmed its rating of AA-IS on Guan Chong Bhd's (GCB) Sukuk Wakalah Programme of up to RM800 million with a stable outlook.
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