Scientex Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended July 31, 2016
September 25, 2016 at 11:01 pm EDT
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Scientex Berhad announced unaudited consolidated earnings results for the fourth quarter and year ended July 31, 2016. For the quarter, revenue was MYR 561,057,000 against MYR 452,498,000 a year ago. Operating profit was MYR 74,094,000 against MYR 77,123,000 a year ago. Profit before tax was MYR 69,908,000 against MYR 76,996,000 a year ago. Profit attributable to owners of the company was MYR 54,135,000 against MYR 48,911,000 a year ago. Earnings per share attributable to owners of the company were 23.54 sen per share against 21.66 sen per share a year ago.
For the year, revenue was MYR 2,200,980,000 against MYR 1,801,684,000 a year ago. Operating profit was MYR 312,560,000 against MYR 224,978,000 a year ago. Profit before tax was MYR 306,332,000 against MYR 220,962,000 a year ago. Profit attributable to owners of the company was MYR 240,865,000 against MYR 158,190,000 a year ago. Earnings per share attributable to owners of the company were 105.88 sen per share against 70.43 sen per share a year ago. Net cash from operating activities was MYR 380,413,000 against MYR 191,769,000 a year ago. Purchase of property, plant and equipment was MYR 281,440,000 against MYR 100,007,000 a year ago. Net assets per share attributable to owners of the company were MYR 5.11 against MYR 4.17 a year ago. Purchase of land held for development was MYR 219,298,000 against MYR 21,897,000 a year ago. The increase in revenue was mainly due to better sales performance achieved 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.