MPI earnings up nearly 30% to RM38m, declares 15 sen dividend

It said on Wednesday the earnings increased from RM30.17mil a year ago. Its revenue was slightly higher at RM352.12mil from RM351.27mil. Earnings per share were 20.53 sen compared with 15.89 sen. The company declared a 15 sen per share dividend.

It said while the pre-tax profit for the third quarter was higher at RM47.5mil compared with the preceding quarter's RM37.1mil, the increase was mainly due to a tax insurance claim of RM16.7mil.