Scientex Berhad Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended April 30, 2017
June 19, 2017 at 10:31 pm EDT
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Scientex Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended April 30, 2017. For the quarter, the company reported revenue of MYR 636,154,000 against MYR 543,896,000 a year ago. Operating profit was MYR 88,173,000 against MYR 77,848,000 a year ago. Profit before tax was MYR 85,440,000 against MYR 75,791,000 a year ago. Profit attributable to owners of the company was MYR 66,497,000 against MYR 61,255,000 a year ago. Earnings per share attributable to owners of the parent were 14.34 sen against 13.43 sen a year ago.
For the nine months, the company reported revenue of MYR 1,757,086,000 against MYR 1,639,923,000 a year ago. Operating profit was MYR 239,567,000 against MYR 238,466,000 a year ago. Profit before tax was MYR 233,685,000 against MYR 236,424,000 a year ago. Profit attributable to owners of the company was MYR 183,746,000 against MYR 186,730,000 a year ago. Earnings per share attributable to owners of the parent were 39.77 sen against 41.20 sen a year ago. Net cash from operating activities was MYR 175,951,000 against MYR 227,322,000 a year ago. Purchase of property, plant and equipment was MYR 110,482,000 against MYR 229,830,000 a year ago.
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.
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