Scientex shares rise 12 sen after reporting record results

PETALING JAYA: Scientex Bhd, which posted its best-ever financial performance in the financial year ended July 31, 2018 (FY18), saw its share price rise as much as 12 sen this morning.
The stock rose 1.40% or 12 sen to trade at a high of RM8.69 from its last adjusted closing price of RM8.57. At 11.21am, the stock was trading at RM8.57 with 431,800 shares done.
Yesterday, Scientex reported a 13.26% rise in net profit to RM289.81 million for FY18 from RM255.87 million a year ago while revenue rose 9.31% to RM2.63 billion from RM2.40 billion a year ago.
The improved performance was mainly driven by higher sales volume in the manufacturing segment, on account of higher utilisation in its Malaysian plants, as well as expanded total annual output capacity from 356,000 tonnes in FY17 to 450,000 tonnes in FY18.