{"id":7944,"date":"2022-08-15T22:34:33","date_gmt":"2022-08-15T14:34:33","guid":{"rendered":"https:\/\/www.bpplas.com\/?p=7944"},"modified":"2022-08-16T12:36:02","modified_gmt":"2022-08-16T04:36:02","slug":"bp-plastics-2q-net-profit-declines-17-declares-1-5-sen-dividend","status":"publish","type":"post","link":"https:\/\/www.bpplas.com\/bp-plastics-2q-net-profit-declines-17-declares-1-5-sen-dividend\/","title":{"rendered":"BP Plastics’ 2Q net profit declines 17%, declares 1.5 sen dividend"},"content":{"rendered":"

KUALA LUMPUR (Aug 15): BP Plastics Holding Bhd’s net profit for the second quarter ended June 30, 2022 (2QFY22) declined 17.45% to RM12.19 million from RM14.77 million a year earlier amid elevated freight charges and higher production costs.<\/p>\n

Quarterly revenue, in contrast, grew 28.07% to RM139.53 million from RM108.95 million on higher demand, said the plastic packaging products manufacturer in a Bursa filing on Monday (Aug 15).<\/p>\n

The group also declared a second interim single-tier dividend of 1.5 sen per share, to be paid on Oct 7.<\/p>\n

For the cumulative six months ended June 30, 2022, the group’s net profit fell 19.27% to RM19.73 million from RM24.44 million despite revenue rising 29.87% to RM271.45 million from RM209.01 million.<\/p>\n

On prospects, BP Plastics said it remains cautiously optimistic about the sustained demand for plastic packaging products despite a challenging economic recovery, adding that it remains committed to delivering a profitable performance for FY22.<\/p>\n

Shares in BP Plastics closed down one sen or 0.78% to RM1.28 on Monday, giving it a market value of RM360.36 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

KUALA LUMPUR (Aug 15): BP Plastics Holding Bhd’s net profit for the second quarter ended June 30, 2022 (2QFY22) declined 17.45% to RM12.19 million from RM14.77 million a year earlier amid elevated freight charges and higher production costs. Quarterly revenue, in contrast, grew 28.07% to RM139.53 million from RM108.95 million on higher demand, said the plastic packaging products manufacturer in a Bursa filing on Monday (Aug 15). The group also declared a second interim single-tier dividend of 1.5 sen per share, to be paid on Oct 7. For the cumulative six months ended June 30, 2022, the group’s net profit fell 19.27% to RM19.73 million from RM24.44 million despite revenue rising 29.87% to RM271.45 million from RM209.01 million. On prospects, BP Plastics said it remains cautiously optimistic about the sustained demand for plastic packaging products despite a challenging economic recovery, adding that it remains committed to delivering a profitable performance for FY22. Shares in BP Plastics closed down one sen or 0.78% to RM1.28 on Monday, giving it a market value of RM360.36 million.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62,64],"tags":[],"yoast_head":"\r\nBP Plastics' 2Q net profit declines 17%, declares 1.5 sen dividend - BP Plastics<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.bpplas.com\/bp-plastics-2q-net-profit-declines-17-declares-1-5-sen-dividend\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"BP Plastics' 2Q net profit declines 17%, declares 1.5 sen dividend - BP Plastics\" \/>\r\n<meta property=\"og:description\" content=\"KUALA LUMPUR (Aug 15): BP Plastics Holding Bhd’s net profit for the second quarter ended June 30, 2022 (2QFY22) declined 17.45% to RM12.19 million from RM14.77 million a year earlier amid elevated freight charges and higher production costs. Quarterly revenue, in contrast, grew 28.07% to RM139.53 million from RM108.95 million on higher demand, said the plastic packaging products manufacturer in a Bursa filing on Monday (Aug 15). The group also declared a second interim single-tier dividend of 1.5 sen per share, to be paid on Oct 7. For the cumulative six months ended June 30, 2022, the group’s net profit fell 19.27% to RM19.73 million from RM24.44 million despite revenue rising 29.87% to RM271.45 million from RM209.01 million. On prospects, BP Plastics said it remains cautiously optimistic about the sustained demand for plastic packaging products despite a challenging economic recovery, adding that it remains committed to delivering a profitable performance for FY22. 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