Scientex Packaging profit drops in 1Q24


PETALING JAYA: Scientex Packaging (Ayer Keroh) Bhd’s net profit slumped by 62.4% year-on-year (y-o-y) in the first quarter ended Oct 31, 2024 (1Q24) due to changes in sales mix and fluctuations in foreign exchange.

åçIn a filing with Bursa Malaysia yesterday, the flexible plastic packaging maker said its net profit fell to RM2.9mil, even though revenue rose 3.6% y-o-y to RM179.29mil.

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