However, net profit fell 23.4% to RM9.8mil from RM12.79mil previously due to higher raw material prices, freight cost as well as incidental Covid-19-related expenses. (File pic shows Daibochi housing project.)
KUALA LUMPUR: While Daibochi Bhd’s prospects will be buoyed by strong demand for packaging solutions, cost pressures may weigh on its earnings moving forward.
The flexible packaging solutions provider saw revenue for its first quarter ended Oct 31, 2021 (Q1’FY22) rising 15% year-on-year to RM180.32mil driven by higher sales in both the domestic and export markets.
However, net profit fell 23.4% to RM9.8mil from RM12.79mil previously due to higher raw material prices, freight cost as well as incidental Covid-19-related expenses.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
