Daibochi posts record RM47.7mil FY20 net profit on resilient demand


KUALA LUMPUR: Daibochi Bhd posted its highest-ever net profit of RM47.7mil in its financial year ended July 31, 2020, on the back of revenue of RM619.3mil owing to resilient demand for flexible plastic packaging (FPP) in the food and beverage and fast-moving-consumer-goods sectors.

The FPP manufacturer recorded net profit of RM11.2mil in the fourth quarter of the financial year on the back of RM155.8mil revenue, which were quarter-on-quarter increases of 2.5% and 3.6% respectively.

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