3 May 2010

Daibochi Plastic and Packaging Industry Bhd (Daibochi), recorded RM59.69 million in sales in the first quarter ended March 31, 2010, compared to RM55.84 million in the corresponding period last year.

In a statement today, Daibochi said its profit before tax increased to RM6.35 million in the first quarter from RM5.63 million previously.

The company\’s net profit was sustained at RM5.02 million for the second consecutive period due to an increase in tax expenses.

\”Earning per share stood at 6.68 cent in the first quarter compared with6.63 cent in the previous corresponding period,\” the flexible packaging solutions provider, said.

Daibochi also declared an interim tax exempt dividend of 3.5 cent per share, amounting to RM2.6 million in the first quarter, to be paid on June 4 this year.

The entitlement to the interim dividend would be based on the record of depositors as at May 20.