PETALING JAYA: Malaysian Pacific Industries Bhd’s (MPI) net profit declines for the second consecutive quarter, mainly as a result of higher input costs and the stronger ringgit.
The semiconductor firm’s bottom line in the second quarter ended Dec 31 narrowed by nearly 25% year-on-year (y-o-y) to RM41.2mil. A year earlier, MPI had recorded a net profit of RM54.98mil.
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