Heitech Padu in the red for Q3

PETALING JAYA: Heitech Padu Bhd saw a net loss of RM2.78 million for the third quarter ended Sept 30, 2017 compared with a net profit of RM81,000 a year ago mainly due to losses in both bulk mailing outsourcing and engineering segments.
Its revenue fell 33% to RM104.32 million from RM155.78 million in the previous year's corresponding quarter.
For the nine months period, its net profit rose over three fold to RM1.93 million from RM537,000 a year ago, while revenue increased 40% to RM338.83 million compared with RM241.69 million.
"The group's business environment is expected to remain challenging for 2017. However, the group will continue to implement relevant strategies to overcome the challenges," Heitech Padu said in a filing with the stock exchange.
Its shares closed 0.59% lower at 84 sen with 99,400 shares traded.