Nylex (Malaysia) Bhd pre-tax profit for the second quarter ended November 30, 2011 slipped to RM5.75 million from RM6.15 million in the same quarter the previous year.
Revenue increased to RM380.67 million from RM254.43 million.
In a filing to Bursa Malaysia today, the company said the increase in revenue was due to higher sales contribution from the Industrial Chemical Division and the Polymer Division.
"However, intense competition from cheap imports has eroded our margins and as a result, the group recorded a lower pre-tax profit of RM5.7 million," it added. - Bernama
Revenue increased to RM380.67 million from RM254.43 million.
In a filing to Bursa Malaysia today, the company said the increase in revenue was due to higher sales contribution from the Industrial Chemical Division and the Polymer Division.
"However, intense competition from cheap imports has eroded our margins and as a result, the group recorded a lower pre-tax profit of RM5.7 million," it added. - Bernama
