Scientex posts record net profit of RM390m for FY20

TheStar Fri, Sep 18, 2020 01:58pm - 3 years View Original


Scientex also proposed a two-for-one bonus issue and free five-year warrants on the basis of one warrant for every five existing shares.

KUALA LUMPUR: Scientex Bhd posted a record high net profit of RM390.11mil in the financial year ended July 31,2020 underpinned by strong growth in its packaging manufacturing and property development segments.

It announced on Friday the net profit was an increase of 16.9% from the RM333.69mil in FY19. Its revenue increased by 8.3% to RM3.52bil from RM3.24bil.

“The group also noted improved profit margins, resulting from enhanced product mix and improved manufacturing efficiency, which complemented higher sales and stable progress billings in the property development segment, ” it said.

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