Scientex Berhad FY15 pre-tax profit up 18.6% to RM220.96 million

Scientex  Berhad FY15 pre-tax profit up 18.6% to RM220.96 million

KUALA LUMPUR, September 29 – Scientex  Berhad’s pre-tax profit rose 18.6& for the financial year ended July 31, 2015 to RM220.96 million from RM186.27 million in the 2014 financial year.

Revenue was 13.3% higher at RM1.8 billion from RM1.59 billion previously.

In a statement here today, the packaging manufacturer and property developer attributed the better profitability to ongoing expansion in its consumer packaging operations, which recorded higher revenue from enlarged production capacity and clientele.

Its property development segment also noted resilient demand for affordable homes in Johor.

For the fourth quarter, its pre-tax profit was 37.5% better at RM77 million on the back of 8.9 per cent stronger revenue of RM452.5 million.

Managing Director Lim Peng Jin said while Scientex remained cautious due to the challenging global economy, he was optimistic on the company given its strong fundamentals.

“We are constantly striving to improve our efficiency as well as expand our horizons in the manufacturing and property segments.

“Having been established more than 45 years ago, Scientex is no stranger to the various economic cycles, and we believe that our strategies implemented today will carry us through for the long haul,” he added.

— BERNAMA

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