MPI posts higher earnings in 2Q22

MPI group managing director Manuel Zarauza

KUALA LUMPUR: Malaysian Pacific Industries Bhd’s (MPI) net profit rose 27.3% to RM85.32mil in the second quarter ended Dec 31, 2021 (2Q22) from RM67.04mil a year ago.

Revenue in 2Q22 continued to grow consistently and improved by 26% year-on-year to RM608mil from RM483.93mil a year prior. Its earnings per share stood at 43 sen in 2Q22 versus 33.87 sen last year.