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NTPM 2Q profit jumps 31% yoy to RM16m
by hlk Fri 13 Dec 2013, 19:00
Business & Markets 2013
Written by Jeffrey Tan of theedgemalaysia.com
Friday, 13 December 2013 17:50
A + A - Reset
KUALA LUMPUR (Dec 13): NTPM Holdings Bhd’s net profit jumped 31%
year-on-year (y-o-y) to RM16 million in the second quarter ended Oct 31, 2013.
Revenue also rose to RM127 million from RM119 million.
In a filing to the stock exchange, the paper product manufacturer attributed the
profit increase to higher margin for tissue products and higher sales
contribution from personal care segment.
NTPM said the higher revenue was mainly due to the increase in sales of
tissue and baby diapers in the domestic market.
For the half year period, profit earned was RM28 million, up from RM22 million
a year earlier, while revenue raked in was RM252 million versus RM233 million
in the previous corresponding period.
NTPM said while it expects the financial year to be full of challenges, the board of directors remains optimistic that the group will be able to
achieve "satisfactory performance" in the financial year ending April 30, 2014.
Written by Jeffrey Tan of theedgemalaysia.com
Friday, 13 December 2013 17:50
A + A - Reset
KUALA LUMPUR (Dec 13): NTPM Holdings Bhd’s net profit jumped 31%
year-on-year (y-o-y) to RM16 million in the second quarter ended Oct 31, 2013.
Revenue also rose to RM127 million from RM119 million.
In a filing to the stock exchange, the paper product manufacturer attributed the
profit increase to higher margin for tissue products and higher sales
contribution from personal care segment.
NTPM said the higher revenue was mainly due to the increase in sales of
tissue and baby diapers in the domestic market.
For the half year period, profit earned was RM28 million, up from RM22 million
a year earlier, while revenue raked in was RM252 million versus RM233 million
in the previous corresponding period.
NTPM said while it expects the financial year to be full of challenges, the board of directors remains optimistic that the group will be able to
achieve "satisfactory performance" in the financial year ending April 30, 2014.
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