MPI sees softening consumer electronic market

KUALA LUMPUR: Malaysian Pacific Industries Bhd’s (MPI) anticipates the operating environment to remain challenging for the rest of the financial year ending June 30, 2023 (FY23), due to the softening consumer electronics market and uncertainty in the macroeconomy.

“The group will focus on its business strategies and operational efficiencies to ensure sustainability and strengthen its fundamentals in conducting business,” MPI said in the notes accompanying its financial results.