Milux Corp Bhd recorded a pre-tax profit of RM9.55 million for the fourth quarter ended Aug 31, 2011 compared to a pre-tax loss of RM14.08 million in the same period last year. Revenue declined to RM19.07 million from RM24.7 million previously.
In a filing to Bursa Malaysia today, Milux said this was attributed to the
drop in sales due to product line transition as well as discontinued operations
and product.
For financial year ended Aug 31, 2011, Milux recorded a pre-tax profit of
RM8.15 million compared to a pre-tax loss of RM12.69 millon previously. Revenue fell to RM79.84 million from RM88.86 million previously.
Milux said with the decision to discontinue its overseas operations which
had been suffering losses since commencement and the discontinuation of a
certain product line, the group was confident of a turnaround in the current
financial year ending Aug 31, 2012.
"The management will now be able to focus on growing the operations of its
local units and reposition certain product line," it said. -- Bernama
In a filing to Bursa Malaysia today, Milux said this was attributed to the
drop in sales due to product line transition as well as discontinued operations
and product.
For financial year ended Aug 31, 2011, Milux recorded a pre-tax profit of
RM8.15 million compared to a pre-tax loss of RM12.69 millon previously. Revenue fell to RM79.84 million from RM88.86 million previously.
Milux said with the decision to discontinue its overseas operations which
had been suffering losses since commencement and the discontinuation of a
certain product line, the group was confident of a turnaround in the current
financial year ending Aug 31, 2012.
"The management will now be able to focus on growing the operations of its
local units and reposition certain product line," it said. -- Bernama
