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KUALA LUMPUR (Oct 25): Luxchem Corporation Bhd’s net profit rose 9% to RM9.84 million in the third quarter ended Sept 30, 2018 (3QFY18), from RM8.99 million a year ago, thanks to lower expenses.
Earnings per share rose to 1.15 sen from 1.09 sen, the industrial chemical supplier said in a filing with Bursa Malaysia.
Quarterly revenue rose 13% to RM212.28 million from RM188.23 million previously, attributable mainly to the group’s trading segment.
For the cumulative nine months (9MFY18), Luxchem said net profit fell 7% to RM29.21 million from RM31.26 million previously, while revenue fell to RM607.84 million from RM609.48 million.
Moving forward, the group said its performance could be affected by fluctuations in US$/ringgit exchange rates, raw material price fluctuations, raw material demand and supply situations, as well as competition.
The group will continue to improve its own productivity and efficiency to face these external uncontrollable factors, the filing said.
Luxchem shares closed down 0.5 sen or 0.85% to 58.5 sen today, for a market capitalisation of RM500.06 million.
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