KUALA LUMPUR: Tomypak Holdings Bhd
saw its earnings surge 170% to RM6.03mil in the third quarter ended Sept 30, 2015 as the flexible packaging materials company benefited from a better sales mix and gain on foreign exchange.
It said on Wednesday its revenue increased at a slower pace of 8.1% to RM55.76mil from RM51.56mil. Earnings per share were 5.52 sen compared with 2.04 sen.
Tomypak rewarded shareholders with a dividend of three sen versus one sen a year ago.
For the nine months ended Sept 30, 2015, its earnings jumped 277% to RM17.18mil from RM4.55mil in the previous corresponding period “mainly due to the better sales mix, gain on foreign exchange and continuous improvement in production efficiency”. However, its revenue was slightly lower at RM157.65mil compared with RM158.90mil.
“The group expects the external operating environment will be on going challenging and uncertainties. The weakening of domestic currency has resulted in the increase in some of the imported raw material prices and other operating expenses.
“However, the group will benefit from the softening of certain raw material prices and the increased sales from overseas market,” it said.
Tomypak was optimistic that demand for the group’s products from the food and beverage sector would grow, adding it had increased the number of customers recently.
“Moving forward, the construction of factory building and the investment in production facilities, the group will increase the production capacity to meet the expected grow in sales revenue.
"Barring unforeseen circumstances, the board expects to deliver stronger results for the financial year ending Dec 31, 2015,” it said.
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