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.