PETALING JAYA: TA Research forecasts solid profit for PGF Capital Bhd
in its fourth-quarter financial results for the financial year ended Feb 29, 2024.
The research house expects the quarterly profit to be around RM2mil to RM3mil, considering the seasonally weak demand for insulation products in Australia due to slower construction activities during festive seasons.
“Comparing this with the previous year’s corresponding quarter, it would be a turnaround from a core loss of RM4.6mil,” said TA Research.
In addition, the research house is anticipating PGF Capital to declare a final dividend of 2.1 sen per share, or a quarter of its profit to meet its 25% dividend payout policy.
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