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CHIP maker Malaysian Pacific Industries Bhd (MPI) announced yesterday that its third-quarter pre-tax profit to March 31 surged over 700% to RM51.8mil from RM6.1mil in the same period last year with the recovery in global demand for semiconductors now firmly under way.
THE local stock market fell for the fifth day in a row yesterday as investors took profit ahead of the four-day, holiday-extended weekend amid continued uncertainty over the market's direction in the near term.
TECHNOLOGY stocks on the Malaysia Securities Exchange fell for the fourth consecutive day Wednesday as investors, concerned about recent events in the Middle East, took the cue from Wall Street's overnight decline and sold down such shares further.
MALAYSIAN Pacific Industries Bhd (MPI) posted RM44.6mil in pre-tax profit for its second quarter ended Dec 31, 2003, an increase of almost five-fold from RM7.5mil in the previous corresponding quarter.