11 February 2010

Daibochi Plastic and Packaging Industry Bhd’s pre-tax profit for the financial year ended Dec 31, 2009 more than tripled to RM27.141 million from RM9.01 million registered the previous year.

Revenue was also higher at RM221.79 million compared with RM217.17 million recorded in 2008, Daibochi said in a statement today. The group attributed the excellent performance to higher overseas sales, improved operations, larger customer base and product mix.

Managing Director Thomas Lim said Daibochi’s new product innovations such as metallised packaging and new sealing films saw greater acceptance among its customers. “We have also seen initial success in growing our premium customer base both locally and regionally,” he added.

Moving forward, Lim said the group planned to tap opportunities in the emerging new market of healthcare. “We believe this strategy will effectively broaden our revenue base and go a long way in adding substance to our business model,” Lim added.