PETALING JAYA: SKP Resources Bhd
SKP will remain vigilant amid the challenging business landscape, where persistent inflationary pressures are increasing production costs.
The plastic manufacturer will manage future orders and maintain a lean and efficient operating structure.
“We will continue to expand our printed circuit board assembly, injection moulding and engineering capabilities to take advantage of a widened product assortment,” SKP said in a filing with Bursa Malaysia.
In the first quarter ended June 30, SKP’s net profit jumped 31.3% to RM28.3mil compared with RM21.6mil posted in the year-ago quarter. Revenue rose 17.1% to RM505.5mil against RM431.6mil while earnings per share climbed to 1.81 sen from 1.38 sen achieved last year.On July 26, the board declared and approved a final single-tier dividend of 2.92 sen per ordinary share to be paid on Oct 24.
