KUALA LUMPUR: Automated equipment manufacturer PENTAMASTER CORPORATION BHD [] posted net loss of RM2.09 million in the third quarter ended Sept 30, 2010 mainly due to a change in sales mix resulting in lower profit margin.
Pentamaster said on Thursday, Nov 18, it remained cautious in the fourth quarter and expected softer demand for automated equipment.
Revenue fell 10% to RM20.06 million from RM22.17 million a year ago due to a decline in demand in the industrial sector for material handling system.
'Consequently, the group registered a loss before tax of RM1.9 million as compared to profit before tax of RM300,000 a year ago,' it said.
When compared to the second quarter (2Q), revenue fell by 11% from RM22.5 million due to softer demand for automated equipment in the current quarter.
The group recorded a loss before tax of RM1.9 million against RM800,000 profit before tax in 2Q due to the drop in revenue and a change in sales mix resulting in lower profit margin in the current quarter.
Pentamaster said on Thursday, Nov 18, it remained cautious in the fourth quarter and expected softer demand for automated equipment.
Revenue fell 10% to RM20.06 million from RM22.17 million a year ago due to a decline in demand in the industrial sector for material handling system.
'Consequently, the group registered a loss before tax of RM1.9 million as compared to profit before tax of RM300,000 a year ago,' it said.
When compared to the second quarter (2Q), revenue fell by 11% from RM22.5 million due to softer demand for automated equipment in the current quarter.
The group recorded a loss before tax of RM1.9 million against RM800,000 profit before tax in 2Q due to the drop in revenue and a change in sales mix resulting in lower profit margin in the current quarter.
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