1H22 operating profit impacted by higher raw materials and freight cost in consumer packaging segment and timing differences from property CCC issuance…
❖1H22 operating profit declined primarily due to consumer packaging
Operating profit by segment
1H22
segment facing higher raw material prices and rise in freight cost
1H21
❖Property development performance largely maintained, but saw slight
52%
46%
impact from deferment of CCC issuance for certain property projects
due to slower progress in installation of power supply infrastructure
Operating cashflow still healthy even after CAPEX for packaging machinery and
property landbanking...
Net cash from operations
Net cash
used
in investing
activities
1H21
1H22
RM'm
715
700
557
380
323
392
338
330
FY16
FY17
FY18
FY19
FY20
FY21
1H21
1H22
Cash Flow
5
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Scientex Bhd published this content on 16 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2022 06:37:12 UTC.
Scientex Berhad is a manufacturer in flexible plastic packaging and a developer of affordable homes in Malaysia. The Company's segments include Packaging and Property development. The Packaging segment is engaged in the business of manufacturing, selling, and marketing of various flexible plastic packaging products, which can be categorized into industrial and consumer-based packaging products. The Property development segment is engaged in the business of constructing and developing affordable housing in Peninsular Malaysia. Its industrial packaging product range includes stretch film, PP strapping band, stretch & shrink hood, shrink film, agricultural film and PE flex tanks tubing. Its consumer packaging product range includes PE lamination base film, metallized film, general film, printed film (roll form), barrier film, BOPP film, CPP film and Wicket Bags. Its property arm has township development projects in Pasir Gudang, Kulai, Skudai, Senai, Ayer Keroh and Pulai, among others.
SCIENTEX 
