KUALA LUMPUR (Dec 16): Tissue paper manufacturer NTPM Holdings Bhd (KL:NTPM) has managed to stay in the black for a second consecutive quarter despite a lower revenue, thanks to a foreign exchange (forex) gain of RM5.92 million.

The company reported a net profit of RM162,000 for its second quarter ended Oct 31, 2024 (2QFY2025), compared with a net loss of RM4.03 million a year earlier.

Revenue declined 2.6% to RM218.77 million from RM224.66 million, as both its tissue paper and personal care product segments recorded weaker sales, its bourse filing showed.

NTPM declared a first interim dividend of 0.4 sen per share, to be paid on Jan 20.

For the first half of FY2025, NTPM posted a net profit of RM2.8 million, reversing from a RM3.9 million net loss in the previous corresponding period. Revenue for the six months slipped 1.2% to RM442.97 million from RM448.54 million previously.

Looking ahead, NTPM acknowledged the challenging operating environment in Malaysia and overseas, but said it remains committed to sustaining its business by implementing strategies to maintain its market position. This includes offering competitive products while striving to protect profit margins.

“In the coming quarter, premised on no major adverse impact of foreign exchange rates fluctuation to the group and barring unforeseen circumstances, the group remains cautiously optimistic on its financial performance,” the company added.

Shares of NTPM slipped half a sen or 1.64% to close at 30 sen on Monday, giving it a market capitalisation of RM342.5 million. The counter has declined over 23% since the start of this year.