Malaysian Pacific Industries Bhd (MPI) posted a net profit of RM75.1 million for the fourth quarter ended June 30, 2021 (4QFY21), up 53.13% from RM49.05 million a year prior, mainly due to higher revenue across all segments and effective cost management.
Earnings per share rose to 37.85 sen from 25.73 sen previously, the semiconductor manufacturer's bourse filing showed.
Quarterly revenue expanded 32.53% to RM537.34 million, from RM405.45 million in 4QFY20.
MPI attributed the higher revenue to its Asia, US and Europe segments, growing by 25%, 30% and 60% respectively against the corresponding quarter last year.
Meanwhile, compared with the immediate preceding quarter, MPI's 4QFY21 net profit was slightly higher than the RM74.37 million reported for 3QFY21, while revenue also saw a slight increase from RM526.63 million.
For the full year, MPI's net profit grew 77.67% to RM271.82 million, from RM152.99 million in FY20.
Read in full: https://www.investingnote.com/posts/2314425
