Scientex Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended July 31, 2018
September 20, 2018 at 07:39 pm IST
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Scientex Berhad announced unaudited consolidated earnings results for the fourth quarter and year ended July 31, 2018. For the quarter, the company reported revenue of MYR 733,154,000 against MYR 646,065,000 a year ago. The increase in revenue was contributed by better sales from the manufacturing division. The Group operating profit was MYR 108.2 million, an increase of 26.5% compared to MYR 85.5 million in the preceding year corresponding quarter. Operating profit was MYR 108,198,000 against MYR 85,502,000 a year ago. Profit before tax was MYR 106,897,000 against MYR 84,283,000 a year ago. Profit attributable to owners of the company was MYR 88,287,000 against MYR 72,127,000 a year ago. Earnings per share attributable to owners of the parent were 18.06 sen against 15.02 sen a year ago.
For the full year, the company reported revenue of MYR 2,626,767,000 against MYR 2,403,151,000 a year ago. Operating profit was MYR 364,360,000 against MYR 325,069,000 a year ago. Profit before tax was MYR 361,658,000 against MYR 317,968,000 a year ago. Profit attributable to owners of the company was MYR 289,806,000 against MYR 255,873,000 a year ago. Earnings per share attributable to owners of the parent were 59.59 sen against 54.83 sen a year ago. Net cash from operating activities was MYR 392,424,000 against MYR 322,841,000 a year ago. Purchase of property, plant and equipment was MYR 64,567,000 against MYR 127,159,000 a year ago. Net assets per share attributable to owners of the company MYR 3.61 compared to MYR 3.18 per share a year ago.
Scientex Berhad is a manufacturer in flexible plastic packaging and a developer of affordable homes in Malaysia. The Company's segments include Packaging and Property development. The Packaging segment is engaged in the business of manufacturing, selling, and marketing of various flexible plastic packaging products, which can be categorized into industrial and consumer-based packaging products. The Property development segment is engaged in the business of constructing and developing affordable housing in Peninsular Malaysia. Its industrial packaging product range includes stretch film, PP strapping band, stretch & shrink hood, shrink film, agricultural film and PE flex tanks tubing. Its consumer packaging product range includes PE lamination base film, metallized film, general film, printed film (roll form), barrier film, BOPP film, CPP film and Wicket Bags. Its property arm has township development projects in Pasir Gudang, Kulai, Skudai, Senai, Ayer Keroh and Pulai, among others.