Wednesday, January 5, 2011

Grant Thornton survey: Most business owners see higher revenue in 2011

KUALA LUMPUR: Business owners are upbeat on the outlook for 2011 and most of them expect an increase in revenue while nearly half of them see an increase in profitability, according to a Grant Thornton survey.

The findings of the International Business Report (IBR) issued on Wednesday, Jan 5 said 68% business owners indicated they foresee an increase in revenue and 45% an increase on profitability for the year ahead.

'In terms of investment, 51% businesses are expecting to increase investments in plant and machinery and also 18% in new building while 32% expect to increase their R&D,' it said.

The survey also showed businesses in Malaysia remained positive about the outlook of the Malaysian economy for the year 2011.

Grant Thornton said the results of the International Business Report (IBR) -- a survey of over 11,000 businesses per year across 30 economies -- have shown that a balance of +50% of Medium to Large Enterprises (MLEs) in Malaysia are optimistic for the year ahead as compared to a balance of +49% the year before.

This is the highest recorded optimism level for Malaysia since its participation in IBR, according to Grant Thornton.

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