MPI posts higher earnings in 2Q22

TheStar Fri, Feb 25, 2022 08:19pm - 4 years View Original


MPI group managing director Manuel Zarauza

KUALA LUMPUR: Malaysian Pacific Industries Bhd’s (MPI) net profit rose 27.3% to RM85.32mil in the second quarter ended Dec 31, 2021 (2Q22) from RM67.04mil a year ago.

Revenue in 2Q22 continued to grow consistently and improved by 26% year-on-year to RM608mil from RM483.93mil a year prior. Its earnings per share stood at 43 sen in 2Q22 versus 33.87 sen last year.

For the first six months to Dec 31, 2021, MPI posted a net profit of RM167mil on revenue of RM1.19bil.

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