Perstima registers lower sales, and higher profits

In a Bursa Malaysia filing yesterday, Perstima said it expects the group’s growth and profitability to be affected by the continued presence of higher imports and the volatility of the ringgit against US dollar exchange.

PETALING JAYA: Tinplate manufacturer Perusahaan Sadur Timah Malaysia Bhd (Perstima) registered an 82.4% year-on-year (y-o-y) increase in net profit to RM15.22mil for the second quarter ended Sept 30, despite a lower sales volume – thanks to better profit margins.

This took its net profit for the first half of the financial year to RM25.66mil, from RM19.97mil posted in the same period last year.