Monday, February 21, 2011

Notion Vtec internal forecast indicates net profit RM45m for FY ending Sept 30, 2011

KUALA LUMPUR: NOTION VTEC BHD []'s internal management guidance indicates a forecast revenue and net profit of RM280 million and RM45 million in current financial year ending Sep 30'' 2011, according to its executive chairman Thoo Chow Fah.
He said the company will focus on more on the camera component production business. "The hard disk drive segment is consolidating," Thoo told reporters at the company's AGM on Monday, Feb 21.

He said the company aims to reduce the US dollar''component of its sales from some 90 % to 70% to mitigate the impact of a weakening US dollar''on its revenue.

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