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NewsMPI returns to the black with Q3 net profit of RM1.81mil
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MPI returns to the black with Q3 net profit of RM1.81mil
by hlk Sat 04 May 2013, 19:37
KUALA LUMPUR: Malaysian Pacific Industries Bhd (MPI)
has returned to the black with a net profit of RM1.81mil for the third
quarter ended March 31, against a net loss of RM7.42mil a year earlier.
MPI attributed the improvement mainly to positive effects arising from cost-control measures.
Its revenue for the third quarter rose to RM286.3mil from RM275.7mil before.
For
the first nine months of the current financial year ending June 30, MPI
posted a net profit of RM173,000 against a net loss of RM33.26mil a
year ago. Revenue for the period stood at RM900mil.
MPI
anticipates all segments of the group to further improve in the final
quarter of FY13 in line with the expected improvement in the
semiconductor industry.
has returned to the black with a net profit of RM1.81mil for the third
quarter ended March 31, against a net loss of RM7.42mil a year earlier.
MPI attributed the improvement mainly to positive effects arising from cost-control measures.
Its revenue for the third quarter rose to RM286.3mil from RM275.7mil before.
For
the first nine months of the current financial year ending June 30, MPI
posted a net profit of RM173,000 against a net loss of RM33.26mil a
year ago. Revenue for the period stood at RM900mil.
MPI
anticipates all segments of the group to further improve in the final
quarter of FY13 in line with the expected improvement in the
semiconductor industry.
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