KUALA LUMPUR: Orgabio Holdings Bhd
remains optimistic, supported by the instant beverage market’s growth from US$61.64bil in 2023 to US$103.75bil by 2031, at a compound annual growth rate (CAGR) of 6.94%.
“Malaysia’s premix market is also expected to grow from US$521.65mil in 2022 to US$835.85mil by 2029 (CAGR: 6.97%). Backed by this positive trajectory, the group will continue to pursue growth opportunities while managing costs prudently and strengthening its competitive positioning,” the instant beverage premix manufacturer said in a statement.
In the third quarter ended March 31, Orgabio’s net profit halved to RM1.09mil, or earnings per share of 0.44 sen, compared with RM2.12mil, or 0.85 sen, in the year-ago quarter.
Revenue, however, climbed to RM28mil against RM22.4mil previously.
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