Magni-Tech’s revenue for the quarter under review also posted a 17.3% year-on-year jump to RM367.8mil, due to higher sale orders received for the manufacture of garments (92% of revenue), and flexible plastic packaging goods and corrugated cartons. (File pic shows The Inter-Pacific Packaging Sdn Bhd, a subsidiary of Magni-Tech Industries Bhd located in Puchong, Selangor, involved in corrugated packaging. )
PETALING JAYA: Magni-Tech Industries Bhd
’s net profit rose nearly 50% year-on-year to RM48.95mil for its third quarter ended Jan 31, mainly due to higher sale orders received as well as a RM6.94mil gain on disposal of properties.
Magni-Tech’s revenue for the quarter under review also posted a 17.3% year-on-year jump to RM367.8mil, due to higher sale orders received for the manufacture of garments (92% of revenue), and flexible plastic packaging goods and corrugated cartons.
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