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1st March 2023

Stock Digest - Asia File Corporation Bhd - Share Of Losses From Associate Dragged The Bottom Line

For 9M23, the lower core net profit was mainly due to the share of losses of associate at RM4.7m vs. a share of profit of RM9.8m in 9M22. The group saw an improvement in revenue as revenue contribution from the Consumer and Food ware division rose 6.9% for the period. Meanwhile, turnover from the filing division remained largely unchanged.

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