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Samurai 2K's reports higher revenue but earnings held by higher costs

The Edge Singapore
The Edge Singapore5/29/2022 10:06 PM GMT+08  • 2 min read
Samurai 2K's reports higher revenue but earnings held by higher costs
Samurai 2K Aerosol's CEO Ong Yoke En (left) and COO Kelly Lim / Photo: Samuel Isaac Chua
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Samurai 2K Aerosol has reported revenue of RM113 million for its year ended March 31 2022, up 2.18% y-o-y.

The maker of aerosol paint cans, which targets the car and motorbike owners, says it enjoys “strong” demand from its key markets despite the pandemic and disruptions to its manufacturing operations in Malaysia.

However, higher staff compensation expenses and materials costs weighed in, leaving earnings of RM13.1 million, versus RM17.6 million for the preceding FY2021.

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