PETALING JAYA: SCGM Bhd’s net profit for the fourth quarter ended April 30, 2021, rose 11% year-on-year to RM7.6mil on higher revenue, which rose 32.4% to RM65.7mil.

       The food packaging manufacturer attributed the improved performance to a favourable sales mix, together with reduced operating and interest expenses.

       SCGM has declared a fourth interim dividend of 1.7 sen per share in respect of the financial year 2021 (FY21).

       Its FY21’s net profit was a record level at RM33.6mil, almost double from the previous year as sales of its food and beverage (F&B) packaging soared.

       Some of the SCGM products.

       This was the main driver of its total revenue which rose to RM246.5mil in FY21 from RM210.5mil previously, it said.

       SCGM managing director Datuk Seri Lee Hock Chai (pic) said in a statement that the group had seen strong year-round demand for its F&B packaging as it had delivered increasing orders due to higher instances of takeaways and deliveries during the multiple phases of lockdowns in the country.

       “The consolidation of our operations into the larger Kulai plant, alongside our shift in focus to produce more customised F&B packaging back in March 2020 had also drove the group’s bottom line, ” Lee said.