Scientex was among the top gainers as investors were positive about its purchase of Mondi Ipoh Sdn Bhd (MISB) for RM58mil cash to expand its consumer packaging division.
SHAH ALAM: Global packaging manufacturer and property developer Scientex Bhd
’s third quarter net profit jumped to RM61.3mil from RM43mil a year ago.
Group revenue for the period rose 19.5% to RM543.9mil from RM455.3mil previously. In a statement to Bursa Malaysia yesterday, the company said Q3 manufacturing sales increased 20.1% to RM382.8mil from RM318.8mil previously as it expanded its customer coverage in the Asia-Pacific region.
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