KUALA LUMPUR (Feb 21): BP PLASTICS HOLDING BHD []’s net profit fell 23.6% to RM4.27 million in the fourth quarter ended Dec 31, 2011 from RM5.59 million a year ago.
It said on Tuesday its revenue was almost unchanged at RM55.83 million compared with RM55.66 million a year ago. Its earnings per share were 2.37 sen compared with 3.11 sen.
“The board of directors of BP Plastics had resolved to recommend a 4% second interim tax exempt dividend (2.0 sen per share) for the financial year ended Dec 31, 2011,” it said.
BP Plastics said for FY11, its net profit fell 9.3% to RM15.53 million from RM17.13 million in FY10 mainly due to higher raw material input costs and overall strengthening of the ringgit against the US dollar in FY2011 compared to previous year.
Its revenue was 0.6% higher at RM222.16 million from RM220.75 million, despite the Japan tsunami in March 2011 and weakened global demand as the economic world grappled with risk on-risk off concerns over the impact of the on-going Eurozone debt crisis.
It said on Tuesday its revenue was almost unchanged at RM55.83 million compared with RM55.66 million a year ago. Its earnings per share were 2.37 sen compared with 3.11 sen.
“The board of directors of BP Plastics had resolved to recommend a 4% second interim tax exempt dividend (2.0 sen per share) for the financial year ended Dec 31, 2011,” it said.
BP Plastics said for FY11, its net profit fell 9.3% to RM15.53 million from RM17.13 million in FY10 mainly due to higher raw material input costs and overall strengthening of the ringgit against the US dollar in FY2011 compared to previous year.
Its revenue was 0.6% higher at RM222.16 million from RM220.75 million, despite the Japan tsunami in March 2011 and weakened global demand as the economic world grappled with risk on-risk off concerns over the impact of the on-going Eurozone debt crisis.
