ETI Tech Corporation Bhd's pre-tax profit for the fourth quarter ended Aug 31, 2011 rose to RM1.42 million from the RM393,000 recorded in the same period last year.
Revenue increased to RM16.28 million from RM15.18 million previously due to higher sales to the group's existing customers, the company said in a filing to Bursa Malaysia today.
For the whole financial year, its pre-tax profit declined to RM4.20 million from RM9.89 million previously while revenue decreased slightly to RM57.99 million from RM74.03 million previously.
It said the group expects to achieve satisfactory performance for the year ending Aug 31, 2012 with its continuous efforts to undertake more new business negotiations, upgrade its engineering capabilities and technical know-how as well as provide more enhanced and value-added services and innovative solutions to its customers.
ETI Tech will also focus on collaborating with system integrators to implement projects that utilise its green technology batteries.
"As the world's demand for energy grows, along with concerns over depleting energy sources and global warming, the group, which provides innovative energy solutions, foresees an increase in demand for its products," it added. -- Bernama
Revenue increased to RM16.28 million from RM15.18 million previously due to higher sales to the group's existing customers, the company said in a filing to Bursa Malaysia today.
For the whole financial year, its pre-tax profit declined to RM4.20 million from RM9.89 million previously while revenue decreased slightly to RM57.99 million from RM74.03 million previously.
It said the group expects to achieve satisfactory performance for the year ending Aug 31, 2012 with its continuous efforts to undertake more new business negotiations, upgrade its engineering capabilities and technical know-how as well as provide more enhanced and value-added services and innovative solutions to its customers.
ETI Tech will also focus on collaborating with system integrators to implement projects that utilise its green technology batteries.
"As the world's demand for energy grows, along with concerns over depleting energy sources and global warming, the group, which provides innovative energy solutions, foresees an increase in demand for its products," it added. -- Bernama
