PETALING JAYA: Evergreen Fibreboard Bhd (EFB) recorded a net profit of RM9.64mil for its first quarter ended March 31, compared with a net loss of RM12.15mil in the previous corresponding period, mainly due to higher revenue from its downstream products and higher average selling price from panel boards.
In a filing with Bursa Malaysia, the furnishing company said the boost in net profit was also attributed to lower operation cost as a result of higher production efficiency and foreign exchange gain recorded during the quarter.