Daibochi reaches new quarterly highs in 2Q FY2020 [PRESS RELEASE]
- Benefiting from increased domestic and export sales
- Ongoing efficiency enhancements and innovation initiatives to strengthen Group’s position as preferred flexible packaging partner in Southeast Asia and Oceania
Melaka, Malaysia, 9 March 2020 – Leading flexible packaging manufacturer Daibochi Berhad (Daibochi; 耐慕志; Bloomberg: DPP:MK; Reuters: DPPM.KL) attained record quarterly financial performance for the second quarter ended 31 January 2020 (2Q FY2020), reaching RM159.0 million in revenue and RM14.6 million in net profit.
Compared to the preceding quarter ended 31 October 2019 (1Q FY2020), group revenue in 2Q FY2020 grew 4.2% from RM152.6 million, while net profit jumped 33.3% from RM11.0 million in 1Q FY2020. The Group also noted foreign exchange gains of RM1.0 million in 2Q FY2020 compared to loss of RM0.8 million in 1Q FY2020.
Notably, sales from domestic markets increased 4.4% from RM84.2 million in 1Q FY2020 to RM88.0 million in 2Q FY2020. Exports rose 3.9% from RM68.3 million to RM71.0 million in 2Q FY2020.
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