By TMR
NTPM Holdings Bhd’s net profit fell by 86.8% year-on-year (YoY) to RM1.2 million in the fourth quarter (4Q) ended April 30, 2018 due to higher material cost.
In a Bursa filing yesterday, the manufacturer of Premier tissue paper noted its revenue increased by 3.3% YoY to RM165 million for the period.
Revenue from paper products segment jumped by 12.3% YoY to RM122 million, but, personal care products segment’s contribution declined by 15.9% YoY to RM42.8 million in the quarter under review.
The company foresees challenges moving forward in line with inflation, spillover effects of the ringgit’s depreciation on imported goods and services and weak consumer sentiment.
The group has increased price of its products and introduced several cost-savings projects for operational efficiency.
NTPM has proposed a single tier final dividend of 0.80 sen per ordinary share in respect of the financial year ended April 30, 2018 at the upcoming AGM will be proposed for shareholders’ approval.
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