NTPM 1Q net profit edges higher to RM16m on forex gain, declares 0.8 sen dividend

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KUALA LUMPUR (Sept 24): NTPM Holdings Bhd saw its net profit in the first quarter ended July 31, 2021 (1QFY22) edged higher by 7.82% to RM15.79 million or 1.4 sen per share from RM14.64 million or 1.3 sen per share a year earlier on the back of higher unrealised gain on foreign exchange amounting to RM5.5 million. In a Bursa Malaysia filing today, the group said its quarterly revenue, however, fell slightly by 3.08% to RM173.76 million against RM179.29 million due to the decrease in sales of tissue paper products. The group also declared a first interim dividend of 0.8 sen to its shareholders, to be paid on Oct 29, 2021. On a quarterly basis, the group's net profit jumped nearly three-fold from RM5.6 million or 0.5 sen per share registered in the immediate preceding quarter (4QFY21) while revenue dropped from RM188.53 million in 4QFY21. Moving forward, the group continues to work diligently in the "new normal", take effective steps in ensuring a safe workplace, be resilient in
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