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PSC Corp reports 1HFY2023 earnings of $9.8 mil, down 22.8% y-o-y

The Edge Singapore
The Edge Singapore • 2 min read
PSC Corp reports 1HFY2023 earnings of $9.8 mil, down 22.8% y-o-y
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PSC Corp has reported earnings of $9.8 million for its 1HFY2023, down 22.8% y-o-y. Revenue in the same period was $238.3 million, down 15.3% y-o-y. Besides lower sales, including its packaging business in China, PSC's net margin was down slightly by 0.4 percentage point to 4.1%.

The company plans to pay an interim dividend of 0.3 cent per share, up from 0.25 cent.

Sam Goi, the company's executive chairman, says that PSC's consumer business in Malaysia enjoyed a steady revenue growth of 20.5%.

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