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Daibochi 1Q profit posts 39% jump, declares 4 sen dividend
by hlk Thu 25 Apr 2013, 18:08
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com
Thursday, 25 April 2013 17:54
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KUALA LUMPUR (April 25): Daibochi Plastic and Packaging Industry
Bhd posted its highest quarterly net profit of RM7.1 million for the first
quarter ended 31 March 2013 (1Q13), a jump of 39.4% year-on-year.
In a press release, the company said its 1Q13 group revenue increased
6.7% to RM73.4 million, versus RM68.8 million previously, largely due to
increased sales in its packaging business.
On the back of its 1Q13 results, Daibochi is declaring a first interim
dividend of 4.0 sen per share, to be distributed to shareholders on 7
June 2013.
Thomas Lim, managing director, said: “Daibochi’s 1Q13 performance is
significant as it attests to our successful strategy in creating a
favourable product mix in our flexible packaging division.”
Lim is buoyant on the group’s prospects in the current financial year as
he anticipates a significant increase in export sales in 2013 on sales
orders from new multinational customers.
“The packaging industry is expecting an uptrend in raw material prices in
the second quarter of 2013. Nevertheless, we are hopeful that our
larger revenue base and improving productivity will help us to soften the
impact of higher costs,” he said.
“With this, we believe that the group is poised for another record year in
revenue and net profit performance,” added Lim.
Written by Ho Wah Foon of theedgemalaysia.com
Thursday, 25 April 2013 17:54
A + / A - / Reset
KUALA LUMPUR (April 25): Daibochi Plastic and Packaging Industry
Bhd posted its highest quarterly net profit of RM7.1 million for the first
quarter ended 31 March 2013 (1Q13), a jump of 39.4% year-on-year.
In a press release, the company said its 1Q13 group revenue increased
6.7% to RM73.4 million, versus RM68.8 million previously, largely due to
increased sales in its packaging business.
On the back of its 1Q13 results, Daibochi is declaring a first interim
dividend of 4.0 sen per share, to be distributed to shareholders on 7
June 2013.
Thomas Lim, managing director, said: “Daibochi’s 1Q13 performance is
significant as it attests to our successful strategy in creating a
favourable product mix in our flexible packaging division.”
Lim is buoyant on the group’s prospects in the current financial year as
he anticipates a significant increase in export sales in 2013 on sales
orders from new multinational customers.
“The packaging industry is expecting an uptrend in raw material prices in
the second quarter of 2013. Nevertheless, we are hopeful that our
larger revenue base and improving productivity will help us to soften the
impact of higher costs,” he said.
“With this, we believe that the group is poised for another record year in
revenue and net profit performance,” added Lim.
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