Scientex posts stronger net profit of RM102.9mil in 1Q

KUALA LUMPUR: Scientex Bhd posted an 11.2% higher net profit of RM102.9mil in the first quarter ended Oct 31, 2021, compared to RM92.5mil a year ago.

In a statement, the packaging manufacturer and property developer said revenue rose 15.7% to RM928.2mil in the quarter from RM802.3mil previously on firm demand for packaging products and higher sales of affordable homes.