Malaysian Pacific Industries Q4 net profit grows marginally

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

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 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.

Source: The Sun Daily

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