"For the 12 months ended 31 December 2015, the Group achieved rather similar operating revenue of RM283.46 million, as compared to RM283.96 million in the corresponding period last year.
However the Group achieved a higher unaudited profit before tax (PBT) for the period under review of RM27.42 million, an increase of 104.02% compared to audited PBT of RM13.44 million in the same period last year due to lower raw material costs consumed, favourable foreign exchange gained from export sales arising from the weakened Ringgit Malaysia, better product mix and higher process efficiencies."
BP Plastic has reported a strong growth for both its top and bottom line. The growth seems won't stop here since the new machine just started contributing from 4th Qtr 2015. In addition, another new 3-metre Cast Stretch Film machine chip in final Qtr 2016 which would add extra 13% of its existing capacity.
BPPlas commands higher PER due to higher growth potential. Its brand new 3 meter cast stretch film machine has started contributing since last quarter. This machine was added 19% of the production capacity. Another additional unit is expected to start operating in 4th Qtr 2016.
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MQ Trader 307 views | 2 d ago
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
elvisaw21
26 posts
Posted by elvisaw21 > 2016-01-06 13:04 | Report Abuse
Nice move.....momentum up trend....