Pensonic swings to profit in fourth quarter
05 Aug 2015 / 05:40 H.
PETALING JAYA: Pensonic Holdings Bhd swung to a net profit of RM12.6 million for the fourth quarter ended May 31, 2015 mainly due torecognition of financial gain on disposal of property RM8.4 million for the quarter.
It made a net loss of RM1.6 million for the same quarter in the year before. This was on 3.6% higher revenue of RM92.89 million, compared to RM89.7 million for the quarter ended May 31, 2014.
For the full year, net profit surged sixfold to RM17.6 million, compared to RM2.9 million for the year before. Revenue was only marginally higher at RM388.4 million, compared to RM373.7 million for the corresponding year before.