Scientex Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended July 31, 2017
September 18, 2017 at 10:31 pm EDT
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Scientex Berhad announced unaudited consolidated earnings results for the fourth quarter and year ended July 31, 2017. For the quarter, the company reported revenue of MYR 646,065,000 against MYR 561,057,000 a year ago. Operating profit was MYR 85,502,000 against MYR 74,094,000 a year ago. Profit before tax was MYR 84,283,000 against MYR 69,908,000 a year ago. Profit attributable to owners of the company was MYR 72,127,000 against MYR 54,135,000 a year ago. Earnings per share attributable to owners of the parent were 15.02 sen against 11.77 sen a year ago.
For the full year, the company reported revenue of MYR 2,403,151,000 against MYR 2,200,980,000 a year ago. Operating profit was MYR 325,069,000 against MYR 312,560,000 a year ago. Profit before tax was MYR 317,968,000 against MYR 306,332,000 a year ago. Profit attributable to owners of the company was MYR 255,873,000 against MYR 240,865,000 a year ago. Earnings per share attributable to owners of the parent were 54.83 sen against 52.94 sen a year ago. Net cash from operating activities was MYR 322,841,000 against MYR 380,303,000 a year ago. Purchase of property, plant and equipment was MYR 127,159,000 against MYR 281,440,000 a year ago. The increase in revenue was contributed by better sales performance from both the manufacturing and property segments.
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.