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NewsBox-Pak’s third-quarter net profit up 41.5% to RM4.67m
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Box-Pak’s third-quarter net profit up 41.5% to RM4.67m
by Cals Wed 19 Nov 2014, 02:22
Box-Pak’s third-quarter net profit up 41.5% to RM4.67m
KUALA LUMPUR: Box-Pak (Malaysia) Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)’s net profit for the third financial quarter ended Sept 30, 2014 (3QFY14) rose 41.47% to RM4.67 million from RM3.3 million a year earlier, contributed by higher earnings from its existing plant in Ho Chi Minh (Vietnam), and new plants in Hanoi (Vietnam) and Johor.
Revenue for the quarter increased 15.9% to RM88.67 million from RM76.51 million in 3QFY13, it said in a filing with Bursa Malaysia yesterday.
Earnings per share (EPS) increased to 7.78 sen for the quarter from 5.50 sen a year ago. Cumulative net profit for the nine-month period of financial year 2014 (9MFY14), however, fell 35.4% to RM6.86 million from RM10.63 million last year, despite a higher revenue of RM255.15 million versus RM213.12 million previously. EPS dropped to 11.44 sen from 17.72 sen.
“Despite higher revenue, pre-tax profit (for 9MFY14) contracted by RM4.5 million to RM8.2 million compared with RM12.7 million in 9MFY13.
“The decline in profit was attributable to margin compression in the existing plant due to stiff competition, operating loss incurred in new plants in Hanoi and Johor and also higher finance,” it said.
The company’s share price closed unchanged at RM2.10 yesterday, bringing a market capitalisation of RM126.05 million.
This article first appeared in The Edge Financial Daily, on November 18, 2014.
KUALA LUMPUR: Box-Pak (Malaysia) Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)’s net profit for the third financial quarter ended Sept 30, 2014 (3QFY14) rose 41.47% to RM4.67 million from RM3.3 million a year earlier, contributed by higher earnings from its existing plant in Ho Chi Minh (Vietnam), and new plants in Hanoi (Vietnam) and Johor.
Revenue for the quarter increased 15.9% to RM88.67 million from RM76.51 million in 3QFY13, it said in a filing with Bursa Malaysia yesterday.
Earnings per share (EPS) increased to 7.78 sen for the quarter from 5.50 sen a year ago. Cumulative net profit for the nine-month period of financial year 2014 (9MFY14), however, fell 35.4% to RM6.86 million from RM10.63 million last year, despite a higher revenue of RM255.15 million versus RM213.12 million previously. EPS dropped to 11.44 sen from 17.72 sen.
“Despite higher revenue, pre-tax profit (for 9MFY14) contracted by RM4.5 million to RM8.2 million compared with RM12.7 million in 9MFY13.
“The decline in profit was attributable to margin compression in the existing plant due to stiff competition, operating loss incurred in new plants in Hanoi and Johor and also higher finance,” it said.
The company’s share price closed unchanged at RM2.10 yesterday, bringing a market capitalisation of RM126.05 million.
This article first appeared in The Edge Financial Daily, on November 18, 2014.
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