Saturday, November 12, 2011

Goodpack posts 23.7% rise in 1Q profit after tax to $15.8m

Mainboard-listed Goodpack Limited, the world’s largest provider of returnable and environmentally-friendly Intermediate Bulk Containers (IBCs) packaging solutions, says profit after tax rose 23.7% to US$12.3 million ($15.8 million) for Q1FY2011/12 from US$9.9 million from Q1FY2010/11.

Revenue for Q1FY2011/12 registered a growth of 25.1% to US$43.6 million (Q1FY2010/11: US$34.9 million) due to increased penetration in existing markets as a result of increased demand from existing customers.


 

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