KUALA LUMPUR: CIMB Equities Research said Malaysian Pacific Industries
’ (MPI) earnings for the nine months ended March 31, 2014 were above its expectations, accounting for 78% of its full-year estimates.
It said on Wednesday the company posted core 9MFY14 net profit of RM42.7mil versus net loss of RM3.1mil in 9MFY13. The stronger earnings performance was due to better sales of higher-margin packages and a weaker Ringgit.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
