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$ZANTAT (0301.BMS)$
A high-ranking calcium carbonate production company, Zhengda Holdings, recorded a net profit of RM1,931,000 in the first quarter of the 2024 fiscal year and announced the distribution of 1.50 cents per share. Strong net profit performance drove the stock price to rise sharply, and even rose to 61 cents during the period.
Revenue for the quarter reached RM28.757,000.
The company saw development highlights in the bioplastics sector and some positive signs of recovery in the glove industry, and highlighted significant achievements and strategic directions that will shape the future.
Looking ahead, the company's strategic priorities will include carefully increasing the production capacity and quality of calcium carbonate dispersions to meet anticipated demand trends.
Source: Nanyang Siang Pao
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