KUALA LUMPUR: Scientex Bhd posted a higher bottomline in the first quarter of its financial year (1QFY26) on the back of improved revenue across both its packaging and property business segments.
The group's quarterly net profit rose to RM142.91mil from RM128.61mil in the first quarter of the previous year. Earnings per share expanded to 9.18 sen from 8.29 sen previously.
This came on the back of higher quarterly revenue of RM1.16bil compared to RM1.11bil in the previous year.
According to the group's stock exchange filing, revenue in the packaging business increased marginally to RM628.5mil. The segment's operating profit, however, leapt 49.6% year-on-year to RM46.3mil due to a favourable sales mix as well as ongoing cost savings and operational efficiency initiatives.
In the property business, revenue rose 8.9% to RM526.6mil, driven by stronger sales and steady construction progress for ongoing projects.
"During the quarter, the division successfully launched its maiden project in Jawi, Penang and its first high-rise project at its Seremban township, Negeri Sembilan, both receiving encouraging market responses.
"Overall, more new projects were launched across the Northern, Central and Southern regions compared to the same period last year, contributing to the division’s stronger performance," it said.
The segment's operating profit rose to RM158mil from RM145.9mil in the same year-ago quarter.
Scientex said its looking to enhance its competitiveness and explore new markets for its packaging division in the year ahead.
For the property division, it is preparing to launch Scientex Pulai 4 in the second quarter of the financial year.
Meanwhile, planning is also underway for the newly acquired land in Paya Rumput, Melaka, Sungai Petani Astana, Kedah, and Bestari Jaya, Selangor, with these projects forming part of the launch pipeline.
"The property division remains optimistic and is on track to deliver satisfactory performance in this financial year," it said.