MPI Q1 profit declines 9% on rising cost


The semiconductor company said in notes accompanying its financial statements that profits were impacted by higher material costs arising from sales mix and higher commodity prices.(MPI chips- Filepic)

PETALING JAYA: Malaysian Pacific Industries Bhd’s net profit fell by almost 9% due to rising costs despite a rise in revenue.

Net profit for its first quarter ended Sept 30 fell to RM36.24mil from RM39.72mil a year ago, while revenue rose to RM387.63mil from RM358mil a year ago.

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Business , MPI , technology stocks , quarterly report , chips ,

   

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