Inari's 4Q Net Profit Plummets 17% Amid Forex Pressures and Elevated Operating Costs
Tuesday, 27 August 2024, 06:29
4QFY2024 Performance Overview
Inari Amertron Bhd's (KL:INARI) net profit for the fourth quarter ended June 30, 2024, fell by 17.54%, reaching RM54.68 million compared to RM66.31 million during the same period last year. This decline is primarily attributed to unfavourable forex movements and higher operating costs.
Factors Affecting Performance
- Forex Challenges: The fluctuations in currency exchange rates have exerted pressure on profit margins.
- Operating Costs Increase: Rising operational expenses further eroded profitability.
Investors are advised to monitor Inari's financial strategies as the company works to mitigate these challenges. For comprehensive details, please visit the financial news source.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.