INFINITY L&T issues a profit warning, expecting a year-on-year increase of approximately 50%-70% in annual profit attributable to shareholders
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INFINITY L&T expects its annual profit attributable to shareholders for the year ending December 31, 2024, to increase by approximately 50%-70% year-on-year. The audited profit attributable to shareholders for the same period in 2023 was RM 18.391 million. The expected growth is primarily driven by an increase in gross profit from container liquid bag solutions and related services, as well as an improvement in gross profit from integrated freight forwarding services
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