KUALA LUMPUR: Scientex Packaging (Ayer Keroh) Bhd
said it is committed to delivering a sustainable performance in the current financial year amid a challenging global market outlook.
The packaging producer said in comments accompanying its financial results that ongoing political uncertainties, rising inflationary pressures as well as soft market sentiments,
"Amidst the challenging backdrop, the group is committed to maintain its operational efficiencies and competitiveness through initiatives such as optimisation of machine utilisation, wastage control and increase workforce productivity
"The group strives to focus on innovation and developing customer-centric packaging products so to meet the increasing portfolio of fully recyclable packaging solutions," it added.
In the third quarter ended April 30, 2024, the group registered net profit of RM10.02mil, which was slightly lower than RM10.14mil in the previous-year quarter.
The group's earnings per share was 2.86 sen as compared to 2.89 sen. Revenue, however, was higher at RM182.85mil as compared to RM177.49mil.
Over the three quarters, the group had a cumulative net profit of RM25.74mil, down from RM35.79mil while revenue dropped to RM531.67mil from RM589.47mil.
The board of directors declared an interim dividend of 2.5 sen per share, going ex on July 4, 2024, and payable on July 17, 2024.
