Friday 29 Mar 2024
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KUALA LUMPUR (Sept 21): NTPM Holdings Bhd's net profit grew 29% in its first quarter ended July 31, 2017 (1QFY18) to RM12.12 million from RM9.38 million a year ago, thanks to higher contribution from both its paper products and personal care products segments.

Earnings per share (EPS) in the quarter came in at 1.1 sen, compared with 0.8 sen in 1QFY17. Quarterly revenue edged 16% higher to RM176.15 million against RM151.43 million in the same quarter a year ago.

It announced a first interim dividend of 0.8 sen per share in respect of its FY18, payable on Oct 23.

“The increase in revenue was mainly due to the increase in sale of tissue and personal care products, especially [the] tissue segment,” NTPM said in a filing, adding that the higher revenue from paper products was derived mainly from an increase in local sales.

Moving forward, NTPM said it has strategic plans and control measures put in place to mitigate the easing of household consumption, as well as headwinds in private consumption this year.

“Several cost-savings projects have been identified and approved to improve the group’s operational efficiency and keep a tight rein on costs to drive down waste and inefficiencies across the group’s business units,” it said.

The group is also looking into strengthening its customer base and improving distribution channels, apart from new product developments and new ventures “if the expansion synergizes with the group’s current business model”.

At 5pm, shares of NTPM closed 0.63% or half a sen lower at 78.5 sen, giving it a market capitalisation of RM881.65 million.

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