HPP Holdings’ Q1 net profit at RM4.32mil


HPP Holdings group managing director Kok Hon Seng (pic) said: “We are satisfied with our commendable results and our team is working to further expand our customer base. More international corporations are relocating their manufacturing facilities to Malaysia, creating further opportunities for us”.

PETALING JAYA: Offset packaging printing specialist HPP Holdings Bhd posted a net profit of RM4.32mil for the second quarter (Q2) of its financial year ending May 31,2021. Consequently, its earnings per share (EPS) stood at 1.41 sen.

For the cumulative period, its net profit was RM8mil, while its EPS was 2.66 sen.

During the quarter in review, HPP Holdings’ revenue rose 16.9% to RM31.21mil from RM26.69mil in the previous corresponding quarter.

It said this was mainly due to the increase in sales of paper-based packaging to its major customers in the consumer electrical and electronics industry.

For the six-month period, its revenue stood at RM57.9mil.

HPP Holdings was listed on the ACE Market on Jan 20,2021.

Its group managing director Kok Hon Seng (pic) said: “We are satisfied with our commendable results and our team is working to further expand our customer base. More international corporations are relocating their manufacturing facilities to Malaysia, creating further opportunities for us”.

“This augurs well for us as the manufacturing sector is one of the most important end-users of packaging printing. We are in discussions with several leading brands and we are confident of concluding negotiations with these new customers soon. We have put in place strategies to capture the rising demand and a larger market share, ” he added.

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