scientex profit up on manufacturing, property ops

Peex Bhd\'s second-quarter net profit as of January 31, 2017 rose to 65 yuan. 19mil of Rm64.
Due to the large contribution of its manufacturing and property sector, the previous corresponding period was 62 mils.
Packaging manufacturers and real estate developers said in a document submitted to Bursa Malaysia yesterday that the revenue contribution of the industrial and consumer packaging sector under its manufacturing sector remained stable in the current fiscal quarter.
The company added that the increase in revenue in its property sector was mainly due to stable sales and stable construction progress.
Revenue rose to rm586 in the second quarter.
25mil of Rm545.
43 mill a year agoFor the six-
During the months ended January 31, net profit for sandakax fell to rm117.
25mil of rm125.
The previous period was 48mil, and revenue increased to rm1. 12bil from RM1.
10 bill a year ago
In another statement, the company said it had completed two-way expansion --
Oriented Polypropylene (BOPP)
Film production and setup for new actorspolypropylene (CPP)film plant.
Lin pengjin, general manager of Scientex, said that with the growth of sales to the local and export markets, the company\'s new BOPP and CPP film manufacturing plants are seeing encouraging progress.
\"We are also expected to complete the expansion of polyethylene (PE)
Film manufacturing plant in the second half of 2017.
\"Our PE film manufacturing capacity has increased from 72,000 tons to 60,000 tons per year and will reach 84,000 tons after completion.
\"This provides us with additional production capacity to maintain the long term
Short-term growth, \"he said.
Lim also said that Scientex recently launched two new projects in Ipoh, the sales of which are encouraging and will strengthen its future prospects.
Looking forward to the future, he said, the company will strive to increase flexible packaging sales across the manufacturing business through larger orders from existing and new customers.
\"Coupled with our engagement with the affordable property sector that is expected to be resilient, we are confident in the outlook for the rest of 2017,\" Lim said . \".