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Malaysian Pacific Industries Q2 pre-tax profit rises to RM12 mln

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Malaysian Pacific Industries Q2 pre-tax profit rises to RM12 mln Empty Malaysian Pacific Industries Q2 pre-tax profit rises to RM12 mln

Post by Cals Tue 28 Jan 2014, 01:42

Malaysian Pacific Industries Q2 pre-tax profit rises to RM12 mln
Business & Markets 2014
Written by Bernama   
Monday, 27 January 2014 20:44

KUALA LUMPUR (Jan 27): Malaysia Pacific Industries Bhd's pre-tax profit for the second quarter ended Dec 31, 2013, rose to RM12 million, from RM0.3 million recorded in the same period of 2012. 

Revenue for the quarter increased to RM316.4 million, from RM295.4 million previously.

In a filing to Bursa Malaysia today, the company attributed the results to the revenues from United States of America and Europe segments, increasing by 12 per cent and 15 per cent respectively, whilst the Asian segment was flat against the corresponding quarter of the preceding year.

The Group's revenue for the financial year-to-date was RM647.0 million — five per cent higher, as compared to the preceding year's corresponding period of RM613.7 million.

Revenues from all segments were higher, with Asia, USA and Europe increasing by three per cent, six per cent and 10 per cent respectively, against last year's corresponding period.

Pre-tax profit for the financial year-to-date closed at RM35.8 million, against RM3 million previously.
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