Asia File’s 4Q net profit jumps 31%

KUALA LUMPUR: Stationery maker Asia File Corp Bhd’s net profit rose 31% to RM16.92mil in the fourth quarter ended March 31 compared with RM12.9mil posted in the same period a year ago.

During the quarter, Asia File posted a total sales of RM97.3mil as opposed to RM100.8mil registered in March 2015. Its earnings per share for the quarter rose to 8.87 sen against 6.83 sen a year ago.  

“As parts of its sales strategy, group has become more selective it its marketing approach by focusing on sales which yield better margins. This has resulted in improved margin for the quarter as profits before tax increased from RM16.7mil to RM22mil, representing an increased of 32%,” Asia File said.

For the full financial year ended March 31, Asia File’s net profit jumped 52.5% to RM76.5mil from RM50.2mil. Its revenue rose marginally to RM389.8mil against RM387.4mil in FY15.

“Based on the group’s performance to date, the board is confident that the operation of the group will remain profitable despite the softening consumer demand globally.

“The group will continue to drive production efficiency to leverage its operation expenses and also focusing on its product quality and service level,” Asia File said.