Daibochi Plastic And Packaging Industry Bhd. reported unaudited consolidated earnings results for the three months ended March 31, 2018. For the quarter, the company reported revenue of MYR 104,741,000 against MYR 94,116,000 a year ago. Operating profit was MYR 9,381,000 against MYR 7,772,000 a year ago. Profit before tax was MYR 8,542,000 against MYR 7,435,000 a year ago. Profit attributable to owners of the company was MYR 6,476,000 against MYR 5,768,000 a year ago. Basic earnings per ordinary share attributable to owners of the company were 1.98 sen against 1.76 sen a year ago. Net cash from operating activities was MYR 1,402,000 against MYR 9,647,000 a year ago. Purchase of property, plant and equipment, net of finance leases drawdown was MYR 1,626,000 against MYR 976,000 a year ago.

The company expects to deliver strong performance in the current financial year ending December 31, 2018, driven by the commencement of new export contracts at the Malaysia plant and growing contributions from the Myanmar plant.