Operational disruptions to impact NTPM

NTPM’s net profit for its fourth quarter ended April 30, 2021 (Q4’21) rose to RM5.60mil from RM4.08mil a year ago, while revenue was lower at RM188.53mil from RM201.62mil a year earlier.

KUALA LUMPUR: Tissue paper maker NTPM Holdings Bhd’s (NTPM) earnings in the near-term is likely to be challenging, weighed down by operational disruptions and additional costs arising from the third phase of the movement control order.

Given the challenging market conditions in the near-term, its first half ending Oct 31, 2022 (1H’22) financial results is expected to be impacted by disruptions in its operations and the worsening Covid-19 pandemic situation, said RHB Research.