Asia Poly returns to the black in 3Q

PETALING JAYA: Cast acrylic sheet manufacturer Asia Poly Holdings Bhd has registered a net profit of RM4.08mil for the third quarter ended September 30, 2020, as compared to a net loss of RM2.13mil recorded during the same quarter last year.

The improved net profit performance was mainly attributed to the group’s manufacturing segment, which saw higher average selling price, lower material cost and better factory utilisation rate achieved during the quarter.