Scientex 2Q net profit up 32% to RM97.4mil


Scientex CEO Lim Peng Jin said the group has built a formidable manufacturing base that produces a comprehensive range of FPP essential to many industries worldwide, and have significantly expanded its manufacturing footprint in Southeast Asia and the US.

KUALA LUMPUR: Packaging manufacturer and property developer Scientex Bhd posted a strong set of financial results in the second quarter ended Jan 31,2020 (2Q20) with net profit up 32.2% to RM97.47mil and expects sustainable growth for the remaining financial year.

It announced on Wednesday its net profit was higher from the RM73.74mil a year ago driven by higher sales and favourable product mix in the manufacturing segment, as well as increased property development billings.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

The long game behind Malaysia’s 5G network
Crest Builder builds on�RM1.8bil orderbook
More room for property boom
Medical tourism injects more growth
Bold targets, but can VM2026 deliver?
Empowering Sabah's talent
Ringgit to trade in narrow range against US dollar in holiday-shortened week ahead
Navigating Sarawak’s condominium market
Policies head in right direction
China underground: Affordable and sustainable homes

Others Also Read