Scientex Packaging 3Q earnings flattish


The group registered a third-quarter net profit of RM10.02mil.

KUALA LUMPUR: Scientex Packaging (Ayer Keroh) Bhd says it is committed to delivering a sustainable performance in the current financial year amid a challenging global market outlook.

The packaging producer said in comments accompanying its financial results that ongoing political uncertainties, rising inflationary pressures as well as soft market sentiment.

In the third quarter ended April 30, 2024 (3Q24), the group registered net profit of RM10.02mil, which was slightly lower than RM10.14mil in the previous-year quarter.

The group’s earnings per share was 2.86 sen as compared to 2.89 sen. Revenue, however, was higher at RM182.85mil compared with RM177.49mil.

The board of directors declared an interim dividend of 2.5 sen per share, going-ex on July 4, 2024, and payable on July 17, 2024.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Apex Healthcare to be delisted on Jan 27
Prudential to raise stake in Malaysia life insurer holding firm to 70% for US$377mil
BWYS shareholders approve RM67mil property disposal, RM94.5mil land acquisition
Kimlun issues RM10.81mil Islamic commercial papers
Cabnet secures RM14.8mil electrical contracts Johor Baru
FBM KLCI climbs amid firmer regional markets, stronger ringgit
Gold steadies as Fed independence concerns offset easing geopolitical woes
Oil slips as investors assess supply outlook, US stock build
AirAsia X targets up to US$600mil debt restructuring after combining airlines
Telenor sells its stake in Thailand's True Corporation for US$3.9bil

Others Also Read