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Bright Packaging 3Q profit falls 19.8% yoy

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Bright Packaging 3Q profit falls 19.8% yoy Empty Bright Packaging 3Q profit falls 19.8% yoy

Post by Cals Thu 18 Jul 2013, 00:19

Bright Packaging 3Q profit falls 19.8% yoy
Business & Markets 2013
Written by Jason Tan of theedgemalaysia.com
Wednesday, 17 July 2013 19:19

KUALA LUMPUR (July 17): BRIGHT PACKAGING INDUSTRY BHD [] posted a decline in net profit to RM733,000 for the third quarter to end-May, down 19.8% year-on-year.

Earnings per share declined to 1.69 sen from 2.11 sen in the same period of the last financial year.

In a filing to Bursa Malaysia, the company said its third quarter revenue was RM11.15 million, down 20.4% y-o-y.

“The lower turnover was due to reduced orders from overseas tobacco manufacturer,” said the company when reviewing its results.

For the nine months to May 2013, Bright Packaging generated revenue of RM31.39 million, a decline of 26.3% from the same period in the last financial year.

However, its net profit soared 76.3% to RM4 million for same nine months.
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