KUALA LUMPUR (May 25): Supermax Corp Bhd posted a net profit of RM24.95 million in the three months period ended Mar 31, 2015, a decline of 6.2% from RM26.6 million in the same period last financial year due to lower average selling prices.

This translated to a lower earnings per share (EPS) of 3.67 sen compared to 3.91 sen a year earlier.

Revenue was at RM223.21 million, down 4% compared to RM232.27 million.

Supermax has changed its financial year end from Dec 31 to June 30.

In a filing with Bursa Malaysia, Supermax (fundamental: 1.0; valuation: 1.8) said its prospects remains good with global demand for globes remain robust and sustainable.

“In the developed countries, the demand continues to grow at a steady and moderate pace while stronger double digit growth can be seen from the emerging markets as hygiene and healthcare awareness continues to rise in the regions such as the Middle East and also Africa, not to mention Asia with China and India leading the way,” it added.

Supermax share price dropped three sen or 1.52% to RM1.94 today, with a market capitalisation of RM1.33 billion.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)