PETALING JAYA: DPI Holdings Bhd
saw its net profit falling 36.1% year-on-year (y-o-y) to RM2.08mil for its second quarter ended Nov 30, 2021 (Q2) while revenue dropped 1.4% y-o-y to RM15.7mil.
The Tangkak, Johor-based aerosol spray paint manufacturer said in Q2, the lower revenue was due to a slight decrease in the sales of aerosol products, while the drop in net profit was mainly due to lower revenue, and a reduced gross profit margin as a result of the higher cost of raw materials.
Earnings per share for Q2 was at 0.33 sen versus 0.67 sen a year earlier.
...