Scientex Bhd's pre-tax profit for the third quarter ended Apr 30, 2011 rose to RM25.88 million from RM19.29 million in the same period of 2010. Its revenue increased to RM217.31 million from RM179.50 million previously. For the nine-month period ended Apr 30, 2011, its pre-tax profit rose to RM70.69 million from RM48.20 million in the same period of 2010. Its revenue increased to RM598.8 million from RM503.1 million previously. In a statement today, Scientex, a leading industrial packaging manufacturer and a property developer, said the better financial performance was mainly attributed to the group's property development segment. "The revenue grew by 62.1 per cent to RM159 million for the nine-month period, against RM98.1 million previously. "During the period, the mixed development of high-end residential and commercial properties has become the second largest revenue contributor to the group's property development segment -- about RM46.3 million, or 29 per cent, of the segmental sales of RM159 million," it said. Scientex has declared an interim single-tier dividend of five sen per share in respect of FY2011. It would be paid on July 21, 2011. Meanwhile, the board has approved a policy to pay a minimum of 30 per cent of net profit attributable to shareholders as dividends. "It will be effective from financial year 2011 onwards, and is subject to the group's operating results, business prospects and new investment plans," it said. -- Bernama
Scientex Q3 pre-tax profit rises to RM26m
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