NEWSROOM

[The Edge Daily] Daibochi 1Q net profit dips 7.4% to RM4.6m on-year

5 May 2011

KUALA LUMPUR: Daibochi Plastic and Packaging Industry Bhd posted net profit of RM4.6 million in the first quarter ended March 31, 2011, down 7.4% from RM5 million a year ago as raw material prices rose.

The flexible packaging solutions provider said on Thursday, May 5 that group revenue rose 13.4% in the 1Q to RM67.7 million, from RM59.7 million a year ago.

Daibochi said the group’s property segment contributed RM2.6 million in revenue to 1Q11 compared with only RM500,000 a year ago.

It said this was due to higher sales recognised from further stage of completion of a commercial property development project in Melaka.

Earnings per share were 6.20 sen compared with 6.68 sen. It declared an interim tax exempt dividend of 1.4 sen per share.

Daibochi Berhad 197201001354 (12994-W). All Rights Reserved.

News Room [The Edge Daily] Daibochi 1Q net profit dips 7.4% to RM4.6m on-year