Thursday, November 3, 2011

Tomypak 3Q earnings up 12% to RM3.40m

KUALA LUMPUR (Nov 3): TOMYPAK HOLDINGS BHD []'s earnings rose 12.21% to RM3.40 million for the quarter ended Sept 30, 2011 from RM3.03 million a year ago, due to higher sales.

It said on Thursday revenues increased 25.8% to RM54.73 million from RM43.49 million. Earnings per share were 3.14 sen compared with 2.80 sen. The group announced dividends of 1.50 sen compared to 1.40 sen a year ago.

Tomypak said the higher earnings and turnover was due to a 19% increase in sales volume achieved in the period. However, profit after tax was slightly weaker due to an increase in raw material prices.

For the first nine months ended Sept 30, 2011, profit fell 21.11% to RM9.17 million from RM11.65 million a year ago. Revenue rose 19.30% to RM160.87 million from RM134.84 million.

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