By BERNAMA
Malaysian Pacific Industries Bhd’s (MPI) pre-tax profit for the second quarter ended Dec 31, 2015 rose to RM37.08 million from RM35.28 million recorded in the same quarter of 2014.
In a filing to Bursa Malaysia today, MPI said revenue also rose to RM379.69 million in the period under review from RM338.29 million recorded previously.
“The better performance for the quarter was due to higher revenue growth for Asia, the US and European segments which were higher by 3%, 34% and 16% respectively,” it said.
The group anticipates the operating environment to remain challenging for the coming quarters as the semiconductor industry is currently experiencing slow growth and uncertainty in the macro economy.
“Barring any unforeseen circumstances, we expect our performance to be satisfactory for the financial year ending June 30, 2016,” it added.
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