KUALA LUMPUR (Sept 18): Scientex Bhd net profit rose 12.56% for its fourth quarter ended July 31, to RM23.39 million or 10.88 sen per share, from RM20.78 million a year ago due to higher manufacturing revenue.
Revenue increased 10.14% to RM226.01 million from RM205.20 million previously.
In a filing on Bursa Malaysia, it attributed its higher earnings to stronger export sales in its stretch film products coupled with the group's property division which benefited from high margins and a favourable product mix in its developments.
For its full year results ended July 31, Scientex revenue was up by 9.58% to RM881.03 million from RM804.02 million while net profit was 8.63% higher to RM83.92 million compared to RM77.25 million a year ago.
At 2.55pm, Scientex rose three sen to RM2.43.