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亚马逊云账号(www.2km.me)_Scientex earnings up

admin2021-12-1028

亚马逊云账号

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The property developer and packaging manufacturer announced yesterday that its net profit in the August to September 2021 period was recorded at RM102.87mil, as compared to RM92.53mil in the previous corresponding quarter.

PETALING JAYA: Scientex Bhd’s net profit rose by 11.18% year-on-year (y-o-y) in the first quarter ended Oct 31, driven by the firm demand for packaging products and higher sales of affordable homes.

The property developer and packaging manufacturer announced yesterday that its net profit in the August to September 2021 period was recorded at RM102.87mil, as compared to RM92.53mil in the previous corresponding quarter.

Revenue in the first quarter also improved by 15.69% y-o-y to RM928.17mil.

The packaging division, which remained as Scientex’s main revenue contributor, saw its turnover rising by 16.2% y-o-y to RM678.1mil in the first quarter ended Oct 31. This was mainly because of the sales of industrial and consumer packaging products in the domestic and export markets.

Meanwhile, Scientex’s property division posted a revenue of RM250.1mil, increasing 14.5% y-o-y, led by the steady progress billings for ongoing projects and good take-up rate for latest launches in Johor and Penang.Group chief executive officer Lim Peng Jin said Scientex is expanding both of its industrial and consumer packaging operations at various locations.

The division’s revenue also improved due to the completion of several project phases in Rawang, Selangor and Durian Tunggal, Melaka.

Scientex’s earnings per share in the latest first quarter improved to 6.63 sen. No dividend was declared for the quarter.

Group chief executive officer Lim Peng Jin said Scientex is expanding both of its industrial and consumer packaging operations at various locations.

It is also enhancing its capabilities to develop and innovate more customised packaging solutions, including value-added and sustainable products.

Additionally, Lim said the group will continue to strengthen and enhance operational and supply chain efficiencies to deliver sustainable growth, as well as manage ongoing challenges such as volatile raw material prices and rising logistics costs.

Scientex said the expansion programme for its packaging division, undertaken from FY20 to FY22, remains on track, with additional investments in new machinery, as well as automation and factory enhancements at its various plants in Selangor, Melaka and Perak.

“We continued our ‘Cross Boundary Development Strategy’ for our property development division by lining up new launches in maiden locations of Jasin, Seremban, Cheras, Sungai Dua and Sungai Petani in the financial year of 2022 (FY22).

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