HPP Holdings Berhad announced its financial results for the first half ended 30 November 2022 reporting a 3.4% growth with a revenue of RM45.32 million. The adjusted profit after tax, after excluding the Employee Share Option Scheme, was RM7.18 million.
The Group declared the first interim single-tier dividend of 0.75 sen per ordinary share in respect of the financial year ending 31 May 2023.
HPPHB executive director/ group managing director Kok Hon Seng commented, “Despite the persisting global economic headwinds, we are pleased to have reported an increase in our revenue. Moving forward, HPPHB remains positive on the outlook in tandem with the economic recovery of Malaysia. We have received numerous inquiries from our customers and potential customers. To cater for the increase in demand, we are planning to boost our production capacity by acquiring a new factory.”
Lately, awareness of ESG is booming across the world, especially among those globally well-known companies. These companies started to use sustainable paper packaging material in order to be aligned with ESG practices. The radical shift in clients’ needs to adopt sustainable paper packaging opens a huge opportunity for us, as we are one of the few Forest Stewardship Council (FSC) certifications paper-based packaging companies in Malaysia.
On top of that, the company is in the midst of adding paper pulp moulded packaging into our services, as an alternative packaging solution for its clients who are looking to maximize the usage of environmentally friendly products.
