DPI Holdings impacted by higher cost of raw materials

Regarding its prospects, the group said it expects to normalise its operations in the remaining financial quarters, and is also in the midst of setting up a new building equipped with fully automated aerosol filling lines.

PETALING JAYA: DPI Holdings Bhd saw its net profit falling 36.1% year-on-year (y-o-y) to RM2.08mil for its second quarter ended Nov 30, 2021 (Q2) while revenue dropped 1.4% y-o-y to RM15.7mil.

The Tangkak, Johor-based aerosol spray paint manufacturer said in Q2, the lower revenue was due to a slight decrease in the sales of aerosol products, while the drop in net profit was mainly due to lower revenue, and a reduced gross profit margin as a result of the higher cost of raw materials.