AWC Bhd's pre-tax profit for financial year ended June 30, 2011 fell to RM13.8 million from RM22.1 million in the same
period of 2010. Revenue declined to RM153.90 million from RM184.8 million previously, it said in a statement today.
Its group chief executive/managing director, Azmir Merican, said the results were satisfactory amid the challenges and uncertainties in the global political and economic landscapes during the period under review.
"We achieved our profitability targets despite lower revenue for the year," he said. He said all divisions remained profitable except the technology division which suffered a pre-tax loss of RM3 million.
"The impact of the adverse performance was somewhat moderated by the stronger performance of our facilities division, which achieved a pre-tax profit of RM6.5 million," he said.
Going forward, Azmir said, the group's immediate task was to strengthen the resilience of project-based income and the development of a healthy order book.
"Several key steps have been undertaken to address those issues, which included outlining a more structured and focused sales and marketing effort and the beefing up of the organisational infrastructure to meet the more demanding operating environment," he said.
Azmir said the company has identified four aims to guide the actions in the future. "They are: ensuring continued favorable results via the development of our business model; emphasise innovation at the core of what the company does; ensuring a more sustainable growth via the reduction of energy and natural resources consumption; and, harnessing of human talent and skills development," he said. -- Bernama
period of 2010. Revenue declined to RM153.90 million from RM184.8 million previously, it said in a statement today.
Its group chief executive/managing director, Azmir Merican, said the results were satisfactory amid the challenges and uncertainties in the global political and economic landscapes during the period under review.
"We achieved our profitability targets despite lower revenue for the year," he said. He said all divisions remained profitable except the technology division which suffered a pre-tax loss of RM3 million.
"The impact of the adverse performance was somewhat moderated by the stronger performance of our facilities division, which achieved a pre-tax profit of RM6.5 million," he said.
Going forward, Azmir said, the group's immediate task was to strengthen the resilience of project-based income and the development of a healthy order book.
"Several key steps have been undertaken to address those issues, which included outlining a more structured and focused sales and marketing effort and the beefing up of the organisational infrastructure to meet the more demanding operating environment," he said.
Azmir said the company has identified four aims to guide the actions in the future. "They are: ensuring continued favorable results via the development of our business model; emphasise innovation at the core of what the company does; ensuring a more sustainable growth via the reduction of energy and natural resources consumption; and, harnessing of human talent and skills development," he said. -- Bernama
