Daibochi posts 23% decline in FY21 operating profit

“Although the country is gradually resuming economic activities under the National Recovery Plan, the fact remains that the operating landscape for the manufacturing sector remains very volatile,” said Daibochi executive director Low Jin Wei.

KUALA LUMPUR: Impacted by disruptions to its operations and lower customer demand, Daibochi Bhd recorded a 22.7% drop in operating profit for the financial year ended July 31, 2021 (FY21), to RM52.2mil from RM67.5mil previously.

However, profit attributable to owners of the company decreased a marginal 1.3% to RM47mil from RM48mil previously given the applicable tax incentives derived from the group’s ongoing expansion.