Malaysian Pacific Industries Q4 net profit grows marginally

PETALING JAYA: Malaysian Pacific Industries Bhd fourth quarter ended June 30, 2017 was 3.4% higher on higher revenue and weaker US dollar.

The group made a net profit of RM40 million for the quarter under review, compared with RM 38.68 million for the same quarter in the preceding year.

This was on a 12.8% increase in revenue to RM389.13 million, compared with RM344.82 million for the quarter ended June 30, 2016.

For the financial year ended June 30, 2017 the group's net profit rose 12.9% to RM177.92 million, from RM 157.52 million for the same period in the preceding year.

Revenue for the financial year was 5.6% higher at RM1.54 billion, compared with RM1.46 billion for the same period in 2016.

The stock closed unchanged at RM14.1 today. It has a market capitalisation of RM2.8 billion.