DPI Holdings’ second-quarter earnings rise

TheStar Thu, Jan 07, 2021 08:10am - 3 years View Original


In a separate filing, DPI said it intends to extend the timeframe for the utilisation of proceeds raised from its initial public offering exercise. The company is proposing that it be allowed additional time until Jan 24.

PETALING JAYA: DPI Holdings Bhd’s net profit for its second quarter ended Nov 30,2020, rose to RM3.26mil from RM2.39mil in the previous corresponding period, mainly due to higher revenue from its aerosol and solvents and thinners divisions.

“Revenue from aerosol products had increased by RM4mil, or approximately 41.5% to RM13.7mil. This was mainly attributable to the increase in sales orders from new and existing customers.

“Revenue from solvents and thinners has remained constant or approximately RM2.3mil.”

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