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Published Fri, Sep 12, 2014 · 10:00 PM
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China FlexPack back in the black for Q3

CHINA Flexible Packaging Holdings swung to a 15.4 million yuan (S$3.17 million) profit for the third fiscal quarter ended July 31 from a year-ago loss of 92.9 million yuan, the maker of packaging films' first profitable quarter since 2012. The turnaround was attributed to higher sales of high-margin shrinkage film products.

China FlexPack shares ended at one Sinagpore cent on Friday, down by 16.7 per cent or 0.2 cent, before the announcement

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