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Nikkei Markets

Malaysian Pacific Industries 1Q Net Profit Falls 8.8% On Higher Material Cost

By Gho Chee Yuan
Nikkei Markets
KUALA LUMPUR (Nov 08) -- Malaysian Pacific Industries, a semiconductor maker, said Wednesday its net profit for the fiscal first quarter fell 8.8% on year, due to higher material cost arising from sales mix and commodity prices.

Net profit for the three months ended Sep. 30 stood at 36.24 million ringgit ($8.58 million) versus 39.72 million ringgit a year earlier, according to an exchange filing. Quarterly revenue grew 8.3% on year at 387.63 million ringgit against 358.01 million ringgit a year ago, driven by higher sales to Asia and U.S market.

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