Scientex Bhd’s earnings doubled to RM60.85mil in the first quarter ended Oct 31, 2015 from RM30.26mil a year ago on stronger demand for consumer packaging and affordable properties.
The industrial stretch film and property-based company said on Thursday its revenue rose 27.7% to RM550.59mil from RM431.07mil. Earnings per share were 26.94 sen compared with 13.69 sen.
The group recorded higher consumer packaging sales due to expanded production capacity of existing operations, as well as new contributions from the recently-acquired Scientex Great Wall (Ipoh) Sdn Bhd (formerly known as Mondi Ipoh Sdn Bhd).
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The industrial stretch film and property-based company said on Thursday its revenue rose 27.7% to RM550.59mil from RM431.07mil. Earnings per share were 26.94 sen compared with 13.69 sen.
The group recorded higher consumer packaging sales due to expanded production capacity of existing operations, as well as new contributions from the recently-acquired Scientex Great Wall (Ipoh) Sdn Bhd (formerly known as Mondi Ipoh Sdn Bhd).
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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