MPI’s Revenue Up 16% YoY on Solid Growth Momentum

Malaysian Pacific Industries today announced its results for the third quarter (Q3) of financial year (FY22), ending on 31 March 2022.

Revenue in Q3 FY22 continued to grow consistently and improved by 16% year-on-year (YoY) to RM 612 million. Whilst, its year to date (YTD) FY22 Profit After Tax (PAT) grew by 24% as compared to the corresponding period in FY21.

The company in its official statement has reiterated that “the company’s strategic investments in facility expansion, automation, equipment purchase & upgrades, and manpower hiring & training. Its year-to-date (Q1-Q3) CAPEX in FY22 is 73% higher than the corresponding period in FY21. Despite the significant CAPEX and other spending on externalities, the company is in a healthy cash position with net cash at RM 849 million as of Q3 FY22.”

YTD FY22 EPS rose by 26% to 125.15sen, compared to the corresponding period FY21 EPS of 99.49 sen.

The growth in revenue, Profit After Tax and the healthy cash position under the current challenging global macroeconomic and geopolitical environment reflect the company’s long term strategies. With their focus on market segments with long
term positive outlook and mitigating the challenges posed by the ongoing pandemic, manpower constraints, raw material price hikes, supply chain disruptions and equipment delivery delays.

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