Gains in the group’s property division offsets slowdown in its packaging business.
Scientex’s FY2023 revenue rose 2.3% to RM4.08 billion compared with RM3.99 billion the previous year.
Revenue for FY2023 saw a 2.3% increase to RM4.08 billion compared with RM3.99 billion the previous year, it said in a filing with Bursa Malaysia today. It will be disbursed on Jan 26, 2024, pending approval by shareholders during the upcoming annual general meeting. On the flip side, the increase in property revenue during Q4 FY2023 rose 21.9% to RM451.8 million from RM370.5 million the previous year, driven by elevated progress billing from ongoing projects in Bandar Jasin, Melaka; Kundang, Selangor; and Tasek Gelugor in Penang.
“The division is committed to improving production efficiency as well as managing its operational costs and product wastage,” it said.
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