KUALA LUMPUR: Scientex Bhd
sees long-term opportunities in the flexible packaging industry, supported by its capacity and capabilities to innovate and develop customised value-added packaging solutions according to chief executive officer Lim Peng Jin.
“While the global packaging market remains subdued due to ongoing supply chain disruptions and geopolitical tensions, the demand for flexible packaging persists, given its essential role in everyday activities.
“In our property division, we target the launch of 8,000 affordable homes annually starting in the financial year ending July 31, 2025 (FY25), up from the 6,300 units in FY24. This aligns with our goal of delivering 50,000 affordable homes by 2028, with nearly 38,000 homes already completed to date. This reaffirms our commitment to addressing the housing needs of Malaysians,” Lim said in a statement.
In the first quarter ended Oct 31, Scientex posted a lower net profit of RM128.6mil, or earnings per share of 8.29 sen compared with RM137.8mil, or 8.89 sen in the year-ago quarter. Its revenue was flat at RM1.11bil.
Scientex shareholders have today approved a final dividend of 6 sen per share in respect of FY24), with the ex-date set for Jan 7, 2025 and the payment date on Jan 17, 2025.
Including the earlier interim dividend of 6 sen per share, the total dividend for FY2024 is 12 sen per share. This amounts to a total payout of RM186.5mil, representing 34.2% of the group’s FY24 net profit.
On a separate note, the group is on track to complete the installation of rooftop solar PV systems for its headquarters and 10 key packaging manufacturing plants nationwide by January 2025.
This initiative aims to reduce energy costs and lower Scope 2 emissions, further embedding sustainability into the group’s operations.
