KUALA LUMPUR: Malaysian Pacific Industries
Bhd (MPI) anticipates a challenging operating environment, shaped by geopolitical instability, currency fluctuations, and inflationary pressures impacting business operations.
“The group will focus its emphasis on cost optimisation through automation and process enhancements while refining its strategy to gain business on growing chip demand in renewable energy, electric vehicles, and artificial intelligence sectors,” the semiconductor group said.
MPI’s net profit jumped 82.4% to RM30.1mil, or earnings per share of 15.12 sen in the first quarter ended Sept 30 (1Q25), compared with RM16.5mil, or 8.31 sen in the same quarter last year.
Revenue for the quarter climbed to RM516.6mil against RM513.2mil a year ago.
MPI has declared an interim single-tier dividend of 10 sen per share for 1Q25, payable on December 24, 2024.
