KUALA LUMPUR: ENG TEKNOLOGI HOLDINGS BHD [] had issued a profit guidance for the three-month financial period ending Dec 31, 2011 following the impact of the severe flooding in Thailand on its operations there.
The company said on Tuesday, Oct 18 it expected the floods would negatively impact the group's overall performance in 4Q2011.
'The management views the loss to be significant since Thailand's plants house half of Eng Tek Group's machining capacity,' it said in a statement to Bursa Malaysia.
Eng Tek said the floods in Ayutthaya, Thailand have now caused both ETHB Group's factories in Ayutthaya to be inundated by water.
'In addition, Eng Tek's subsidiaries in China and Philippines have also experienced disruption to their production as a certain proportion of their output was meant for their major customers in Thailand situated in the flood affected areas.
'The whole hard disk drive industry in Thailand is facing major disruptions as a result of the floods. In the meantime, certain of Eng Tek Group's production have been redirected to other plants to maintain supply to unaffected customers,' it said.
The company said on Tuesday, Oct 18 it expected the floods would negatively impact the group's overall performance in 4Q2011.
'The management views the loss to be significant since Thailand's plants house half of Eng Tek Group's machining capacity,' it said in a statement to Bursa Malaysia.
Eng Tek said the floods in Ayutthaya, Thailand have now caused both ETHB Group's factories in Ayutthaya to be inundated by water.
'In addition, Eng Tek's subsidiaries in China and Philippines have also experienced disruption to their production as a certain proportion of their output was meant for their major customers in Thailand situated in the flood affected areas.
'The whole hard disk drive industry in Thailand is facing major disruptions as a result of the floods. In the meantime, certain of Eng Tek Group's production have been redirected to other plants to maintain supply to unaffected customers,' it said.
No comments:
Post a Comment