Bursa Malaysia Stock Watch
HPI Q3 net profits double to RM6.9m
kltrader
Publish date: Fri, 22 Apr 2011, 10:20 PM
kltrader
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HPI Resources Bhd (HPI) is on track for an outperformance for the financial year ended 31 May 2011 with net profits for its third quarter ended 28 February 2011 doubling to RM6.9 million from RM3.1 million in the previous corresponding quarter.
The leading corrugated packaging manufacturer saw 3Q11 revenues jump 11.6 per cent to RM105.4 million from RM94.5 million previously, in line with higher demand.
The Group's strong bottom line growth was also attributed to its efficient operating cost structure, resulting in group profits before tax growing 137.3 per cent to RM8.4 million from RM3.6 million previously.
The leading corrugated packaging manufacturer saw 3Q11 revenues jump 11.6 per cent to RM105.4 million from RM94.5 million previously, in line with higher demand.
The Group's strong bottom line growth was also attributed to its efficient operating cost structure, resulting in group profits before tax growing 137.3 per cent to RM8.4 million from RM3.6 million previously.
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