Magni-Tech Industries Q1 net profit 38.6% higher


PETALING JAYA: Magni-Tech Industries Bhd recorded a 38.6% increase in net profit to RM30.5mil for the first quarter (1Q20) on the back of improved performance by both its business segments.

The group, which is involved in the manufacturing and sale of garments as well as flexible plastic packaging goods and corrugated cartons also saw revenue for the quarter ended July 31,2019, rise by 19.6% to RM327.3mil.

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