KUALA LUMPUR (Aug 15): BP Plastics Holding Bhd’s net profit for the second quarter ended June 30, 2022 (2QFY22) declined 17.45% to RM12.19 million from RM14.77 million a year earlier amid elevated freight charges and higher production costs.<\/p>\n
Quarterly revenue, in contrast, grew 28.07% to RM139.53 million from RM108.95 million on higher demand, said the plastic packaging products manufacturer in a Bursa filing on Monday (Aug 15).<\/p>\n
The group also declared a second interim single-tier dividend of 1.5 sen per share, to be paid on Oct 7.<\/p>\n
For the cumulative six months ended June 30, 2022, the group’s net profit fell 19.27% to RM19.73 million from RM24.44 million despite revenue rising 29.87% to RM271.45 million from RM209.01 million.<\/p>\n
On prospects, BP Plastics said it remains cautiously optimistic about the sustained demand for plastic packaging products despite a challenging economic recovery, adding that it remains committed to delivering a profitable performance for FY22.<\/p>\n
Shares in BP Plastics closed down one sen or 0.78% to RM1.28 on Monday, giving it a market value of RM360.36 million.<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR (Aug 15): BP Plastics Holding Bhd’s net profit for the second quarter ended June 30, 2022 (2QFY22) declined 17.45% to RM12.19 million from RM14.77 million a year earlier amid elevated freight charges and higher production costs. Quarterly revenue, in contrast, grew 28.07% to RM139.53 million from RM108.95 million on higher demand, said the plastic packaging products manufacturer in a Bursa filing on Monday (Aug 15). The group also declared a second interim single-tier dividend of 1.5 sen per share, to be paid on Oct 7. For the cumulative six months ended June 30, 2022, the group’s net profit fell 19.27% to RM19.73 million from RM24.44 million despite revenue rising 29.87% to RM271.45 million from RM209.01 million. On prospects, BP Plastics said it remains cautiously optimistic about the sustained demand for plastic packaging products despite a challenging economic recovery, adding that it remains committed to delivering a profitable performance for FY22. Shares in BP Plastics closed down one sen or 0.78% to RM1.28 on Monday, giving it a market value of RM360.36 million.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62,64],"tags":[],"class_list":["post-7944","post","type-post","status-publish","format-standard","hentry","category-media-news","category-the-edge","post-no-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/posts\/7944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/comments?post=7944"}],"version-history":[{"count":1,"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/posts\/7944\/revisions"}],"predecessor-version":[{"id":7945,"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/posts\/7944\/revisions\/7945"}],"wp:attachment":[{"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/media?parent=7944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/categories?post=7944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bpplas.com\/wp-json\/wp\/v2\/tags?post=7944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}