KUALA LUMPUR (June 28): NTPM Holdings Bhd’s net profit in the fourth quarter ended April 30, 2022 (4QFY22) fell by a third to RM3.49 million compared to RM5.20 million in the same period last year owing to higher income tax expenses and lower interest income.

Earnings per share dropped to 0.3 sen from 0.5 sen.

In a Bursa Malaysia filing on Tuesday (June 28), the tissue paper maker said its quarterly revenue, however, rose slightly by 6.53% to RM200.84 million from RM188.53 million a year ago, supported by higher tissue paper and personal care product sales.

For the full-year period ended April 30 (FY22), net profit declined by 55.36% to RM28.25 million against RM63.27 million in the previous year (FY21), underpinned by increase in the prices of raw materials, increases in freight costs and impact from fluctuations in foreign currencies.

Annual revenue, on the other hand, surged slightly by 2.03% to RM764.90 million from RM749.66 million on the back of higher sales of tissue paper and personal care products.

On a quarterly basis, the group’s net profit tumbled by 37.9% from RM5.62 million reported in the immediate preceding quarter (3QFY22) while revenue fell by 4.13% from RM209.49 million in 3QFY22.

Moving forward, the group said it will continue to monitor the changing business environment to ensure its installed production capacity can be efficiently utilised while leveraging its leading market position to achieve a reasonable profit margin.

Shares in NTPM ended five sen or 1.16% higher to 43.5 sen, giving it a market capitalisation of RM488.59 million.