2 days ago
- Business
- New Straits Times
Scientex posts lower 3Q net profit of RM123.87mil, declares six sen dividend
KUALA LUMPUR: Scientex Bhd recorded a lower net profit of RM123.87 million for the third quarter (3Q) ended April 30, 2025, compared with RM130.50 million in the same period a year ago.
In a Bursa Malaysia filing today, the packaging manufacturer and property developer stated that the drop in profit was mainly attributed to lower export sales and foreign exchange losses in the packaging division, which saw its revenue decline by 6.4 per cent to RM614.8 million from RM656.9 million.
"As a result of lower revenue and intense market competition, operating profit dropped to RM34.5 million compared to RM58.4 million in the preceding year's corresponding quarter," Scientex said.
However, the company's revenue rose slightly to RM1.11 billion from RM1.108 billion, driven by stronger contributions from its property segment.
Earnings per share stood at 7.96 sen, versus 8.41 sen previously. The company declared a single-tier interim dividend of 6 sen per share, payable on July 18, 2025.
Its property segment revenue rose 9.9 per cent to RM495.8 million, boosted by higher billings and stronger sales from new launches in the Northern, Central, and Southern regions.
"In tandem with the higher revenue recorded, operating profit increased to RM143.0 million compared to RM121.2 million recorded in the preceding year's corresponding quarter," it said.
Looking ahead, the company noted ongoing challenges in the packaging sector, including intense competition, inflation, currency volatility, trade tensions, and weak market sentiment.
However, it stated that it is focusing on cost control and operational efficiency.
"In addition, product development and innovation remain our key focus as we strive to deliver customised, value-added, and sustainable packaging solutions to meet the evolving market demand," the company said.
-- BERNAMA
