Daibochi's net profit down 6.3%

KUALA LUMPUR: Daibochi Plastic and Packaging Industry Bhd’s (Daibochi) net profit fell 6.3% to RM6.18mil for first quarter ended March 31, 2015, from RM6.60mil due to decline in turnover, sales mix and increase in depreciation and labour costs.

Similarly, its revenue for the quarter dropped 4.6% to RM86.15mil compared to RM90.39mil for the corresponding period a year ago was largely due to a slowdown in demand from its exports markets and multinational company (MNC) customers in the ASEAN region.