Rex Industry Q2 revenue up

For the second quarter to Dec 31, Rex’s revenue grew 3.5% to RM42mil from RM40.5mil last year.

PETALING JAYA: Rex Industry Bhd, which posted a net loss of RM1.9mil in the second quarter ended Dec 31, expects the environment for the food and beverage industry to remain challenging in the next 12 months.

The company said this was mainly due to continued high input costs, freight charges and volatility of the ringgit.

In the second quarter to Dec 31, Rex’s revenue grew 3.5% to RM42mil from RM40.5mil last year. It posted a loss per share of 0.31 sen during the quarter against 0.17 sen previously.

For the first six months to Dec 31, Rex posted a net loss of RM3.83mil, or 0.63 sen loss per share on a revenue of RM89mil.