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KUALA LUMPUR: The FBM KLCI tumbled 1.97% to below the 1,400-point mark, the lowest level since October 2022, as fears lingered about contagion from the Silicon Valley Bank's (SVB) collapse.
KUALA LUMPUR: Scientex Packaging (Ayer Keroh) Bhd says it is cautiously optimistic it will be able to sustain its performance in the current financial year.
KUALA LUMPUR: Announcing positive results for the first quarter of its 2023 financial year, Scientex Packaging (Ayer Keroh) Bhd says expansion plans remain on track and it is optimistic it would be able to sustain its performance for the coming financial year.
Scientex Packaging (Ayer Keroh) Bhd (formerly known as Daibochi Bhd) saw its net profit in the second quarter ended Jan 31, 2022 (2QFY22) fall 22.57% to RM11.69 million from RM15.1 million in the previous year’s corresponding quarter, due to a rise in raw material and freight costs.