SCIENTEX PACKAGING (AYER KEROH) BERHAD
(Formerly known as Daibochi Berhad) (Company No: 197201001354 [12994-W]) (Incorporated in Malaysia)
QUARTERLY REPORT
Quarterly report on consolidated results for the financial quarter ended 31 October 2022
The figures have not been audited.
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
For the three months ended 31 October 2022
3 MONTHS ENDED | |
Current | Preceding year |
year | corresponding |
quarter | quarter |
31.10.2022 | 31.10.2021 |
RM'000 | RM'000 |
Revenue | 213,916 | 180,315 | |
Operating profit | 17,452 | 9,538 | |
Interest expense | (1,253) | (480) | |
Profit before tax | |||
16,199 | 9,058 | ||
Taxation | (3,564) | 407 | |
Profit for the quarter / period | |||
12,635 | 9,465 | ||
Profit attributable to: | |||
Owners of the Company | 12,275 | 9,800 | |
Non-controlling interests | 360 | (335) | |
Profit for the quarter / period | |||
12,635 | 9,465 | ||
Earnings per share attributable to owners | |||
of the Company (sen per share) | |||
- Basic | 3.50 | 2.99 |
(The Condensed Consolidated Statement of Profit or Loss should be read in conjunction with the Audited Financial Statements for the year ended 31 July 2022)
1
SCIENTEX PACKAGING (AYER KEROH) BERHAD
(Formerly known as Daibochi Berhad) (Company No: 197201001354 [12994-W]) (Incorporated in Malaysia)
QUARTERLY REPORT
Quarterly report on consolidated results for the financial quarter ended 31 October 2022
The figures have not been audited.
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the three months ended 31 October 2022
3 MONTHS ENDED | ||||
Current | Preceding year | |||
year | corresponding | |||
quarter | quarter | |||
31.10.2022 | 31.10.2021 | |||
RM'000 | RM'000 | |||
Profit for the quarter / period | 12,635 | 9,465 | ||
Other comprehensive loss, net of income tax: | ||||
Items that may be reclassified subsequently | ||||
to profit or loss: | ||||
- Foreign currency translation of foreign operations | (3,359) | (3,107) | ||
Other comprehensive loss for the quarter / period, | ||||
net of income tax | (3,359) | (3,107) | ||
Total comprehensive income for the quarter / | ||||
period, net of income tax | 9,276 | 6,358 | ||
Total comprehensive income for the quarter / | ||||
period attributable to: | ||||
Owners of the Company | 10,006 | 7,946 | ||
Non-controlling interests | (730) | (1,588) | ||
9,276 | 6,358 | |||
(The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the Audited Financial Statements for the year ended 31 July 2022)
2
SCIENTEX PACKAGING (AYER KEROH) BERHAD
(Formerly known as Daibochi Berhad) (Company No: 197201001354 [12994-W]) (Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 31 October 2022
ASSETS
Non-current assets
Property, plant and equipment
Right-of-use assets
Deferred tax assets
Goodwill
Current assets
Inventories
Trade and other receivables
Tax recoverable
Cash and bank balances
TOTAL ASSETS
EQUITY AND LIABILITIES
Capital and reserves
Share capital Reserves
Equity attributable to owners of the Company Non-controlling interests
Total equity
Non-current liabilities
Lease liabilities
Deferred tax liabilities
Current liabilities
Borrowings
Lease liabilities
Trade and other payables
Tax liabilities
AS AT | AS AT |
CURRENT | PRECEDING |
FINANCIAL | FINANCIAL |
QUARTER ENDED | YEAR ENDED |
31.10.2022 | 31.7.2022 |
RM'000 | RM'000 |
(Unaudited) | (Audited) |
295,014 | 287,425 |
3,234 | 2,162 |
481 | 496 |
66,625 | 68,187 |
365,354 | 358,270 |
93,730 | 104,860 |
151,486 | 143,823 |
6,233 | 9,654 |
23,279 | 22,097 |
274,728 | 280,434 |
640,082 | 638,704 |
221,213 | 221,213 |
157,242 | 147,236 |
378,455 | 368,449 |
17,160 | 17,890 |
395,615 | 386,339 |
2,887 | 2,146 |
21,664 | 22,050 |
24,551 | 24,196 |
73,517 | 75,549 |
1,930 | 944 |
142,957 | 150,079 |
1,512 | 1,597 |
219,916 | 228,169 |
Total liabilities | 244,467 | 252,365 |
TOTAL EQUITY AND LIABILITIES | 640,082 | 638,704 |
Net assets per share attributable to owners of the Company (RM) | 1.08 | 1.05 |
(The Condensed Consolidated Statement of Financial Position should be read in conjunction with the Audited Financial Statements for the year ended 31 July 2022)
3
SCIENTEX PACKAGING (AYER KEROH) BERHAD
(Formerly known as Daibochi Berhad) (Company No: 197201001354 [12994-W]) (Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
For the three months ended 31 October 2022
------------------------------- | Reserves----------------------------- | Attributable | ||||||||
Non-distributable----------------------- | Distributable | to the equity | Non- | |||||||
Share | Treasury | Revaluation | Translation | Retained | holders of | controlling | Total | |||
capital | shares | reserve | reserves | earnings | the Company | interests | equity | |||
RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |||
As at 1 August 2022 | 222,358 | (1,145) | 7,468 | (7,458) | 147,226 | 368,449 | 17,890 | 386,339 | ||
Profit for the period | - | - | - | - | 12,275 | 12,275 | 360 | 12,635 | ||
Other comprehensive loss for the period | - | - | - | (2,269) | - | (2,269) | (1,090) | (3,359) | ||
Total comprehensive income for the | ||||||||||
- | - | - | (2,269) | 12,275 | 10,006 | (730) | 9,276 | |||
period | ||||||||||
As at 31 October 2022 | ||||||||||
222,358 | (1,145) | 7,468 | (9,727) | 159,501 | 378,455 | 17,160 | 395,615 | |||
As at 1 August 2021 | 164,235 | (1,145) | 7,468 | (5,597) | 112,259 | 277,220 | 19,996 | 297,216 | ||
Profit for the period | - | - | - | - | 9,800 | 9,800 | (335) | 9,465 | ||
Other comprehensive income for the period | - | - | - | (1,854) | - | (1,854) | (1,253) | (3,107) | ||
Total comprehensive income for the | ||||||||||
- | - | - | (1,854) | 9,800 | 7,946 | (1,588) | 6,358 | |||
period | ||||||||||
As at 31 October 2021 | ||||||||||
164,235 | (1,145) | 7,468 | (7,451) | 122,059 | 285,166 | 18,408 | 303,574 |
(The Condensed Consolidated Statement Of Changes In Equity should be read in conjunction with the Audited Financial Statements for the year ended 31 July 2022)
4
SCIENTEX PACKAGING (AYER KEROH) BERHAD
(Formerly known as Daibochi Berhad) (Company No: 197201001354 [12994-W]) (Incorporated in Malaysia)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW
For the three months ended 31 October 2022
3 MONTHS | 3 MONTHS | ||
ENDED | ENDED | ||
31.10.2022 | 31.10.2021 | ||
RM'000 | RM'000 | ||
CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES | |||
Profit before taxation | 16,199 | 9,058 | |
Adjustments | 7,657 | 5,746 | |
Operating profit before working capital changes | 23,856 | 14,804 | |
Movement in working capital: | |||
Decrease/(increase) in inventories | 9,487 | (7,853) | |
Increase in receivables | (6,710) | (35,025) | |
(Decrease)/increase in payables | (5,253) | 30,498 | |
Cash generated from operations | 21,380 | 2,424 | |
Interest received | 65 | 2 | |
Taxation paid | (608) | (3,194) | |
Net cash from/(used in) operating activities | 20,837 | (768) | |
CASH FLOWS USED IN INVESTING ACTIVITIES | |||
Proceeds from disposal of property, plant and equipment | - | 6 | |
Interest received | - | 2 | |
Purchase of property, plant and equipment | (14,326) | (11,611) | |
Deposit paid for purchase of property, plant and equipment | (2,368) | (15,769) | |
Net cash used in investing activities | (16,694) | (27,372) | |
CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES | |||
Net (repayment)/drawdown of short-term borrowings | (2,012) | 20,654 | |
Repayment of term loans | - | (345) | |
Interest paid | (1,199) | (417) | |
Interest paid on lease liabilities | (54) | (63) | |
Repayment of lease liabilities | (225) | (186) | |
Net cash (used in)/from financing activities | (3,490) | 19,643 | |
NET CHANGE IN CASH AND CASH EQUIVALENTS | 653 | (8,497) | |
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD | 22,097 | 24,603 | |
Effect of exchange differences | 529 | (823) | |
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD | 23,279 | 15,283 |
(The Condensed Consolidated Statement of Cash Flow should be read in conjunction with the Audited Financial Statements for the year ended 31 July 2022)
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Scientex Packaging (Ayer Keroh) Bhd published this content on 06 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2022 15:51:10 UTC.