SCGM set to raise capacity for high-margin products

Kenanga Research believed that SCGM would focus on ramping up its utilisation and eventually increasing capacity for its high-margin products in FY22.

PETALING JAYA: Food packaging manufacturer SCGM Bhd’s recent financial results is a reasonable indication that the company is on track in pursuing its growth strategy.

It saw its net profit for the fourth quarter ended April 30, 2021, increase 11% year-on-year to RM7.6mil on higher revenue which also rose by 32.4% to RM65.7mil.