HPI RESOURCES BHD [] net profit for the third quarter ended Feb 28, 2011 soared 121.5% to RM6.94 million from RM3.13 million a year earlier, driven by higher demand.
Revenue for the quarter rose by 11.6% to RM105.43 million from RM94.46 million in 2010, while earnings per share was 12.43 sen.
For the nine months ended Feb 28, 2011, HPI’s net profit rose 32.2% to RM20.63 million on the back of revenue RM314.66 million.
In a statement Friday, April 22, HPI group managing director Albert Chan Chor Ngiak said the strong performance was primarily the result of both its paper milling and corrugated packaging divisions demonstrating double-digit expansion in revenues and operating profits.
Revenue for the quarter rose by 11.6% to RM105.43 million from RM94.46 million in 2010, while earnings per share was 12.43 sen.
For the nine months ended Feb 28, 2011, HPI’s net profit rose 32.2% to RM20.63 million on the back of revenue RM314.66 million.
In a statement Friday, April 22, HPI group managing director Albert Chan Chor Ngiak said the strong performance was primarily the result of both its paper milling and corrugated packaging divisions demonstrating double-digit expansion in revenues and operating profits.
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