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NTPM rises as much as 4.86% on strong 1Q earnings
by Cals Mon 14 Sep 2015, 15:34
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[size=28]NTPM rises as much as 4.86% on strong 1Q earnings
By Surin Murugiah / theedgemarkets.com | September 14, 2015 : 9:51 AM MYTKUALA LUMPUR (Sept 14): Shares of NTPM Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 0.50, Fundamental: 1.10) jumped as much as 4.86% in early trade today after the company’s net profit soared 85% to RM12.92 million or 1.2 sen per share for the first quarter ended July 31, 2015, from RM7 million or 0.6 sen per share in the previous year.
At 9.31am, NTPM was up 4.17% or 3 sen to 75 sen with 163,00 shares done.
In its filing with the exchange, NTPM attributed the improvement in profit to higher sales, better margins and lower selling, distribution and operating cost.
Revenue for the quarter rose 8% to RM143.40 million, from RM132.24 million a year earlier, due to increase in sales of personal care products.
Segmentally, its paper products segment saw a 2% year-on-year increase in revenue to RM96.8 million, while pre-tax profit rose 47% to RM13.6 million, on higher margins.
Meanwhile, its personal care products segment posted a revenue of RM46.6 million, up 24% from RM37.6 million a year earlier, while net profit saw a significant increase to RM4.2 million, from RM500,000 in the previous year.
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