Scientex earnings jump

Lim: ‘Our aggressive focus on affordable property sales and continued expansion of consumer packaging operations have enabled us to sustain the group’s earnings in the second quarter of financial year 2016.’

PETALING JAYA: Scientex Bhd shares surged to a record high of RM12.94 after posting a 79% jump in its second quarter net profit.

The industrial packaging and property company’s shares rose 64 sen, or 5.2%, to RM12.94. The counter hit a high of RM12.98 during intra-day trading yesterday. Scientex’s net profit jumped 79% to RM64.6mil in the second quarter ended Jan 31, 2016 from RM36.05mil over the same period last year.