{"id":6430,"date":"2008-11-24T07:11:20","date_gmt":"2008-11-24T07:11:20","guid":{"rendered":"http:\/\/staging109.reinatech.info\/bpplas\/?p=6430"},"modified":"2021-06-18T15:53:00","modified_gmt":"2021-06-18T07:53:00","slug":"main-board-bp-plastics-reports-third-quarter-2008-revenues-up-11-5-over-preceding-year-quarter","status":"publish","type":"post","link":"https:\/\/www.bpplas.com\/main-board-bp-plastics-reports-third-quarter-2008-revenues-up-11-5-over-preceding-year-quarter\/","title":{"rendered":"Main Board BP Plastics Reports Third Quarter 2008 Revenues Up 11.5% Over Preceding Year Quarter"},"content":{"rendered":"

[vc_row][vc_column][vc_wp_text]Kuala Lumpur, 24 November 2008 \u2013 Main Board listed BP Plastics Holding Bhd (BPPLAS) announced today that the company achieved an increase in revenue with unaudited revenue of RM67.323 for the third quarter (3Q) of 2008, an increase of 11.5% compare to the same period last year. However, Profit before Tax and Profit after tax fell 31.7% and 38.7% respectively for the 3Q compare to the same period last year caused by RM1.805 million write down of stock inventory due to plunging polymer resin price.<\/span><\/p>\n

Overall, the group total cumulative 3Q revenue ended September 2008 still improved by 32% and profit after tax also improved by 25.7% comparing to cumulative 3 quarter results in 2007.<\/span><\/p>\n

\"\"<\/span><\/p>\n

In view of the current economic standing, the company is taking cautious measures including constant review of stock and inventory while minimize all costs and re-strategize for new direction in 2009.<\/span>
\nFor more information, please log on to www.bursamalaysia.com<\/span><\/p>\n

###<\/span><\/p>\n

ABOUT BP Plastics Holding Bhd<\/span><\/strong>
\nEstablished in 1990, BP Plastics Holding Bhd (BPPLAS) is today one of the leading producers of polyethylene film, specialize on stretch film and meticulous made to order lamination, shrink film and general purpose plastic bags cater for industrial, commercial, logistic and warehousing usage.<\/span><\/p>\n

BPPLAS was listed on the Main Board of Bursa Malaysia Securities Berhad in 23rd February 2005 and currently operates more than 80 units of manufacturing machineries with a combined workforce of approximately 350 staffs. The company\u2019s two production plants are located in Sri Gading Industrial Estate, Batu Pahat, Johor, Malaysia occupy 9 factory blocks with the total built up areas of more than 250,000 square feet on a total combined land of 15.5 acres has a combined annual capacity of 60,000 metric tonnes.<\/span><\/p>\n

The company has evolved from a cottage plastic bag manufacturer back in 1990 to be a modernized high-tech polyethylene film manufacturer by investing into state of the art machineries and equipments from Europe and the United States.<\/span><\/p>\n

BPPLAS aims are to grow their geographical market, increase production capacity and operation base, expand their line of services and continually be in the forefront of technology advancement – so that their customers and shareholders will receive the best they can offer.<\/span><\/p>\n

For more information, please visit https:\/\/www.bpplas.com.<\/span><\/p>\n

IMPORTANT NOTICE<\/span><\/strong>
\nThe past performance of BPPLAS is not indicative of the future performance of BPPLAS. This document may contain forward-looking statements that involve risk and uncertainties.<\/span>
\nActual future results may vary materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the company\u2019s current view of future events.<\/span><\/p>\n

For more information, please contact:<\/span>
\nInvestor Relations<\/span><\/strong>
\nBP Plastics Holding Bhd<\/span>
\nKelly Tan\/ Lee Kuan Hock<\/span>
\nTel. +607.455.7633<\/span>
\nEmail. ir@bpplastics.com.my<\/span><\/p>\n

Public Relations<\/span><\/strong>
\nEsente Communications Sdn Bhd<\/span>
\nStefani Wan<\/span>
\nTel. +603.6201.4110<\/span>
\nEmail. stefani@esente.com.my<\/span>[\/vc_wp_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_wp_text]Kuala Lumpur, 24 November 2008 \u2013 Main Board listed BP Plastics Holding Bhd (BPPLAS) announced today that the company achieved an increase in revenue with unaudited revenue of RM67.323 for the third quarter (3Q) of 2008, an increase of 11.5% compare to the same period last year. However, Profit before Tax and Profit after tax fell 31.7% and 38.7% respectively for the 3Q compare to the same period last year caused by RM1.805 million write down of stock inventory due to plunging polymer resin price. Overall, the group total cumulative 3Q revenue ended September 2008 still improved by 32% and profit after tax also improved by 25.7% comparing to cumulative 3 quarter results in 2007. In view of the current economic standing, the company is taking cautious measures including constant review of stock and inventory while minimize all costs and re-strategize for new direction in 2009. For more information, please log on to www.bursamalaysia.com ### ABOUT BP Plastics Holding Bhd Established in 1990, BP Plastics Holding Bhd (BPPLAS) is today one of the leading producers of polyethylene film, specialize on stretch film and meticulous made to order lamination, shrink film and general purpose plastic bags cater for industrial, commercial, logistic and warehousing usage. BPPLAS was listed on the Main Board of Bursa Malaysia Securities Berhad in 23rd February 2005 and currently operates more than 80 units of manufacturing machineries with a combined workforce of approximately 350 staffs. The company\u2019s two production plants are located in Sri Gading Industrial Estate, Batu Pahat, Johor, Malaysia occupy 9 factory blocks with the total built up areas of more than 250,000 square feet on a total combined land of 15.5 acres has a combined annual capacity of 60,000 metric tonnes. The company has evolved from a cottage plastic bag manufacturer back in 1990 to be a modernized high-tech polyethylene film manufacturer by investing into state of the art machineries and equipments from Europe and the United States. BPPLAS aims are to grow their geographical market, increase production capacity and operation base, expand their line of services and continually be in the forefront of technology advancement – so that their customers and shareholders will receive the best they can offer. For more information, please visit https:\/\/www.bpplas.com. IMPORTANT NOTICE The past performance of BPPLAS is not indicative of the future performance of BPPLAS. This document may contain forward-looking statements that involve risk and uncertainties. Actual future results may vary materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the company\u2019s current view of future events. For more information, please contact: Investor Relations BP Plastics Holding Bhd Kelly Tan\/ Lee Kuan Hock Tel. +607.455.7633 Email. ir@bpplastics.com.my Public Relations Esente Communications Sdn Bhd Stefani Wan Tel. +603.6201.4110 Email. stefani@esente.com.my[\/vc_wp_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":["post-6430","post","type-post","status-publish","format-standard","hentry","category-press-release","post-no-thumbnail"],"yoast_head":"\r\nMain Board BP Plastics Reports Third Quarter 2008 Revenues Up 11.5% Over Preceding Year Quarter - BP Plastics<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.bpplas.com\/main-board-bp-plastics-reports-third-quarter-2008-revenues-up-11-5-over-preceding-year-quarter\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Main Board BP Plastics Reports Third Quarter 2008 Revenues Up 11.5% Over Preceding Year Quarter - BP Plastics\" \/>\r\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_wp_text]Kuala Lumpur, 24 November 2008 \u2013 Main Board listed BP Plastics Holding Bhd (BPPLAS) announced today that the company achieved an increase in revenue with unaudited revenue of RM67.323 for the third quarter (3Q) of 2008, an increase of 11.5% compare to the same period last year. However, Profit before Tax and Profit after tax fell 31.7% and 38.7% respectively for the 3Q compare to the same period last year caused by RM1.805 million write down of stock inventory due to plunging polymer resin price. Overall, the group total cumulative 3Q revenue ended September 2008 still improved by 32% and profit after tax also improved by 25.7% comparing to cumulative 3 quarter results in 2007. In view of the current economic standing, the company is taking cautious measures including constant review of stock and inventory while minimize all costs and re-strategize for new direction in 2009. For more information, please log on to www.bursamalaysia.com ### ABOUT BP Plastics Holding Bhd Established in 1990, BP Plastics Holding Bhd (BPPLAS) is today one of the leading producers of polyethylene film, specialize on stretch film and meticulous made to order lamination, shrink film and general purpose plastic bags cater for industrial, commercial, logistic and warehousing usage. BPPLAS was listed on the Main Board of Bursa Malaysia Securities Berhad in 23rd February 2005 and currently operates more than 80 units of manufacturing machineries with a combined workforce of approximately 350 staffs. The company\u2019s two production plants are located in Sri Gading Industrial Estate, Batu Pahat, Johor, Malaysia occupy 9 factory blocks with the total built up areas of more than 250,000 square feet on a total combined land of 15.5 acres has a combined annual capacity of 60,000 metric tonnes. The company has evolved from a cottage plastic bag manufacturer back in 1990 to be a modernized high-tech polyethylene film manufacturer by investing into state of the art machineries and equipments from Europe and the United States. BPPLAS aims are to grow their geographical market, increase production capacity and operation base, expand their line of services and continually be in the forefront of technology advancement – so that their customers and shareholders will receive the best they can offer. For more information, please visit https:\/\/www.bpplas.com. IMPORTANT NOTICE The past performance of BPPLAS is not indicative of the future performance of BPPLAS. This document may contain forward-looking statements that involve risk and uncertainties. Actual future results may vary materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the company\u2019s current view of future events. For more information, please contact: Investor Relations BP Plastics Holding Bhd Kelly Tan\/ Lee Kuan Hock Tel. +607.455.7633 Email. ir@bpplastics.com.my Public Relations Esente Communications Sdn Bhd Stefani Wan Tel. +603.6201.4110 Email. stefani@esente.com.my[\/vc_wp_text][\/vc_column][\/vc_row]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.bpplas.com\/main-board-bp-plastics-reports-third-quarter-2008-revenues-up-11-5-over-preceding-year-quarter\/\" \/>\r\n<meta property=\"og:site_name\" content=\"BP Plastics\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/hr.bpplas.12\/?locale=ms_MY\" \/>\r\n<meta property=\"article:published_time\" content=\"2008-11-24T07:11:20+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2021-06-18T07:53:00+00:00\" \/>\r\n<meta property=\"og:image\" content=\"http:\/\/staging109.reinatech.info\/bpplas\/wp-content\/uploads\/2021\/05\/24-Nov-2008-Press-Release.jpg\" \/>\r\n<meta name=\"author\" content=\"admin\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.bpplas.com\/main-board-bp-plastics-reports-third-quarter-2008-revenues-up-11-5-over-preceding-year-quarter\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.bpplas.com\/main-board-bp-plastics-reports-third-quarter-2008-revenues-up-11-5-over-preceding-year-quarter\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.bpplas.com\/#\/schema\/person\/c38a1182ab04ec79ddb225434e968985\"},\"headline\":\"Main Board BP Plastics Reports Third Quarter 2008 Revenues Up 11.5% Over Preceding Year Quarter\",\"datePublished\":\"2008-11-24T07:11:20+00:00\",\"dateModified\":\"2021-06-18T07:53:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.bpplas.com\/main-board-bp-plastics-reports-third-quarter-2008-revenues-up-11-5-over-preceding-year-quarter\/\"},\"wordCount\":491,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.bpplas.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.bpplas.com\/main-board-bp-plastics-reports-third-quarter-2008-revenues-up-11-5-over-preceding-year-quarter\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/staging109.reinatech.info\/bpplas\/wp-content\/uploads\/2021\/05\/24-Nov-2008-Press-Release.jpg\",\"articleSection\":[\"PRESS RELEASE\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.bpplas.com\/main-board-bp-plastics-reports-third-quarter-2008-revenues-up-11-5-over-preceding-year-quarter\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bpplas.com\/main-board-bp-plastics-reports-third-quarter-2008-revenues-up-11-5-over-preceding-year-quarter\/\",\"url\":\"https:\/\/www.bpplas.com\/main-board-bp-plastics-reports-third-quarter-2008-revenues-up-11-5-over-preceding-year-quarter\/\",\"name\":\"Main Board BP Plastics Reports Third Quarter 2008 Revenues Up 11.5% Over Preceding Year Quarter - 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However, Profit before Tax and Profit after tax fell 31.7% and 38.7% respectively for the 3Q compare to the same period last year caused by RM1.805 million write down of stock inventory due to plunging polymer resin price. Overall, the group total cumulative 3Q revenue ended September 2008 still improved by 32% and profit after tax also improved by 25.7% comparing to cumulative 3 quarter results in 2007. In view of the current economic standing, the company is taking cautious measures including constant review of stock and inventory while minimize all costs and re-strategize for new direction in 2009. For more information, please log on to www.bursamalaysia.com ### ABOUT BP Plastics Holding Bhd Established in 1990, BP Plastics Holding Bhd (BPPLAS) is today one of the leading producers of polyethylene film, specialize on stretch film and meticulous made to order lamination, shrink film and general purpose plastic bags cater for industrial, commercial, logistic and warehousing usage. BPPLAS was listed on the Main Board of Bursa Malaysia Securities Berhad in 23rd February 2005 and currently operates more than 80 units of manufacturing machineries with a combined workforce of approximately 350 staffs. The company\u2019s two production plants are located in Sri Gading Industrial Estate, Batu Pahat, Johor, Malaysia occupy 9 factory blocks with the total built up areas of more than 250,000 square feet on a total combined land of 15.5 acres has a combined annual capacity of 60,000 metric tonnes. The company has evolved from a cottage plastic bag manufacturer back in 1990 to be a modernized high-tech polyethylene film manufacturer by investing into state of the art machineries and equipments from Europe and the United States. BPPLAS aims are to grow their geographical market, increase production capacity and operation base, expand their line of services and continually be in the forefront of technology advancement – so that their customers and shareholders will receive the best they can offer. For more information, please visit https:\/\/www.bpplas.com. IMPORTANT NOTICE The past performance of BPPLAS is not indicative of the future performance of BPPLAS. This document may contain forward-looking statements that involve risk and uncertainties. Actual future results may vary materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the company\u2019s current view of future events. 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