Scientex posts higher 1Q net profit of RM142.91mil

Scientex posts higher 1Q net profit of RM142.91mil

Scientex Bhd reported a higher net profit of RM142.91 million for the first quarter ended, supported by resilient demand across its packaging and property development segments, despite a challenging operating environment.

The integrated packaging and property developer said the improved performance was underpinned by stable consumer demand for essential packaging products, alongside disciplined cost management and operational efficiencies. Revenue for the quarter remained firm, reflecting sustained orders from fast-moving consumer goods (FMCG) customers and steady contributions from overseas markets.

Scientex’s packaging division continued to benefit from long-term contracts with multinational clients, providing earnings visibility amid global economic uncertainty. Meanwhile, the property segment recorded steady progress, supported by ongoing project launches and consistent take-up rates, particularly in the affordable housing category.

Management noted that input cost pressures remained manageable during the quarter, while foreign exchange movements had a limited impact on overall margins. The group also maintained a prudent balance sheet position, enabling it to navigate near-term volatility and pursue selective expansion opportunities.

Looking ahead, Scientex said it remains cautiously optimistic on its outlook, supported by stable demand fundamentals and its diversified business model. However, the group acknowledged that global economic conditions, inflation trends, and consumer sentiment will continue to influence performance in the coming quarters.

Scientex reiterated its commitment to operational efficiency, disciplined capital management, and long-term sustainable growth, as it continues to strengthen its market position in both packaging manufacturing and property development.