Tuesday, January 25, 2011

MPI 2Q earnings marginally lower at RM25.29m

KUALA LUMPUR: MALAYSIAN PACIFIC INDUSTRIES [] Bhd (MPI) posted marginally lower earnings of RM25.29 million in the second quarter ended Dec 31, 2010 when compared with RM25.71 million a year ago.

It said on Tuesday, Jan 25 that its revenue increased 6% to RM367.59 million versus RM345.57 million.'' Its earnings per share were 13.05 sen compared with 13.19 sen a year ago.

MPI said the pretax profit of RM34.84 million against RM33.06 million a year ago, despite the higher revenue was mainly due to the strengthening ringgit against the US dollar.




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