Asia File Corporation Bhd. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 29, 2023 at 06:12 pm IST
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Asia File Corporation Bhd. reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was MYR 78.26 million compared to MYR 86.97 million a year ago. Net income was MYR 9.36 million compared to MYR 10.24 million a year ago. Basic earnings per share from continuing operations was MYR 0.048 compared to MYR 0.0526 a year ago. Diluted earnings per share from continuing operations was MYR 0.0478.
For the full year, sales was MYR 317.57 million compared to MYR 323.02 million a year ago. Net income was MYR 31.63 million compared to MYR 43.4 million a year ago. Basic earnings per share from continuing operations was MYR 0.1624 compared to MYR 0.2228 a year ago. Diluted earnings per share from continuing operations was MYR 0.1611.
Asia File Corporation Bhd. is a Malaysia-based company. The principal activities of the Company are that of investment holding, commission agent and provider of management services. The principal activities of its subsidiaries are mainly involved in manufacturing and trading of stationery products, paper and plastic based related products and consumer and food wares products. The Company operates through two segments: Filing products, and Consumer and food ware products. Filing products segment is engaged in manufacturing and trading of stationery products, paper and plastic based related products. Consumer and food ware products segment is engaged in manufacturing and trading of consumer and food ware products. Its subsidiaries include ABBA Marketing Sdn. Bhd., AFP Composite Sdn. Bhd., Asia File Products Sdn. Bhd., Formosa Technology Sdn. Bhd., Higher Kings Mill Limited, Lim & Khoo Sdn. Bhd., Premier Stationery Limited, Premier Stationery Pte. Ltd. and others.