KUALA LUMPUR (June 28): NTPM Holdings Bhd (KL:NTPM) slipped into the red in its fourth financial quarter ended April 30, 2024 (4QFY2024) from a year earlier, dragged down by losses in its tissue paper products business segment.  

The group posted a net loss of RM10.99 million compared with a net profit of RM3.85 million in 4QFY2023.  

Revenue inched up 0.43% to RM215.91 million from RM215 million, thanks to higher sales from the personal care products segment, according to NTPM’s bourse filing on Friday.

NTPM said the tissue paper products segment suffered a loss before tax of RM9.8 million against a profit of RM2.2 million in 4QFY2023. Meanwhile, the personal care products segment saw its pretax profit drop 1.4% to RM6.5 million from RM6.6 million.

The group did not declare any dividend for the quarter.

For the full year, NTPM said its net loss widened to RM8.56 million from RM5.88 million in FY2023.  

Full-year revenue improved marginally by 4.29% to RM905.51 million from RM868.29 million previously, thanks to the overall sales of personal care products throughout the year.

NTPM said its business operations environment in Malaysia and beyond remains "very challenging” in FY2025 amid persistent geopolitical tensions, inflationary pressure and volatile foreign exchange rates.

Shares in NTPM settled half a sen or 1.32% higher at 38.5 sen on Friday, valuing the group at RM432.37 million.