PETALING JAYA : Malaysian Pacific Industries Bhd (MPI) recorded a net loss of RM9.6 million in its first quarter ended Sept 30 (1QFY12) compared with a net profit of RM25.8 million during the previous corresponding quarter. Revenue was down 14.8% year-on-year to RM315.6 million for 1QFY12.
According the company’s announcement to Bursa Malaysia yesterday, the loss recorded during the quarter was due to lower revenue recorded across all business segments and the strengthening of the ringgit against the US dollar.
The board noted that it anticipates business prospects to remain challenging for the financial year ending June 30, 2012, given the current softening in demand and uncertain macro-economic outlook.
The board has declared an interim dividend of five sen per share tax exempt for 1Q.
This article appeared in The Edge Financial Daily, November 9, 2011.
According the company’s announcement to Bursa Malaysia yesterday, the loss recorded during the quarter was due to lower revenue recorded across all business segments and the strengthening of the ringgit against the US dollar.
The board noted that it anticipates business prospects to remain challenging for the financial year ending June 30, 2012, given the current softening in demand and uncertain macro-economic outlook.
The board has declared an interim dividend of five sen per share tax exempt for 1Q.
This article appeared in The Edge Financial Daily, November 9, 2011.
