KUALA LUMPUR: Biscuits manufacturer, Hup Seng Industries Bhd
, posted a higher pre-tax profit of RM72.95 million for 2015 compared with RM51.72 million in the previous year on improved sales margins.
Its revenue jumped to RM286.86 million for its financial year ended Dec 31, 2015 versus RM262.21 million the previous year.
"The increase in profit before tax is mainly due to the improved sales margin brought about by lower input costs, weaker ringgit and improved production efficiency," it said in a filing with Bursa Malaysia on Thursday.
Its fourth quarter pre-tax profit stood at RM20.10 million, higher than RM16.74 million in the corresponding quarter of 2014 while revenue rose to RM80.07 million compared with RM73.64 million previously.
Hup Seng said the group would focus more on productivity improvement in all areas of operation to prepare for tougher market conditions in 2016.
"We will also continue to identify business or investment opportunities for expansion to enhance shareholders' value," it said.
As at lunch break, its share price was traded flat at RM1.20. - Bernama
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