The company's revenue fell marginally to RM519.9mil against RM526mil last year.
PETALING JAYA: Malaysian Pacific Industries
Bhd (MPI) will actively monitor the impact of the US administration’s newly announced reciprocal tariffs, which have added to global economic uncertainties.
“Barring any unforeseen circumstances, the board expects the performance for this financial year to be satisfactory,” the semiconductor company said in a filing with Bursa Malaysia.
In the third quarter of financial year ended March 31, MPI’s net profit rose 22.4% to RM40mil, or earnings per share of 20.12 sen compared with RM32.7mil, or 16.47 sen in the year-ago quarter.
The higher profit was mainly due to improved operating margin and lower operating cost.
Revenue, however, fell marginally to RM519.9mil against RM526mil last year.
