FY22 operating profit impacted by higher costs faced by packaging and property development segments…
❖FY22 operating profit
declined 6.5%
due
to rising raw
material
and
Operating profit by segment
FY21
FY22
operating costs for packaging segment; lower property development
42%
revenue and increased costs for construction materials and labour
58%
42%
58%
Group operating profit
Packaging
Property development
RM'm
-6.5% yoy
549.5
600.3
561.0
461.8
325.1
357.4
FY17
FY18
FY19
FY20
FY21
FY22
Profit Performance
5
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Scientex Bhd published this content on 29 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2022 06:43:02 UTC.
Scientex Berhad is a manufacturer in flexible plastic packaging and a developer of affordable homes in Malaysia. The Company's segments include Packaging and Property development. The Packaging segment is engaged in the business of manufacturing, selling, and marketing of various flexible plastic packaging products, which can be categorized into industrial and consumer-based packaging products. The Property development segment is engaged in the business of constructing and developing affordable housing in Peninsular Malaysia. Its industrial packaging product range includes stretch film, PP strapping band, stretch & shrink hood, shrink film, agricultural film and PE flex tanks tubing. Its consumer packaging product range includes PE lamination base film, metallized film, general film, printed film (roll form), barrier film, BOPP film, CPP film and Wicket Bags. Its property arm has township development projects in Pasir Gudang, Kulai, Skudai, Senai, Ayer Keroh and Pulai, among others.
SCIENTEX 
