Thursday 17 November 2011

Maxwell Int posts higher Q3 pre-tax profit

Maxwell International Holdings Bhd's pre-tax profit for the third quarter ended Sept 30, 2011 rose to RM30.2 million from RM26.5 million in the same quarter last year.

Revenue increased to RM114.7 million from RM96.88 million previously,
Maxwell said in a statement today.

For the nine-month period, its pre-tax profit increased to RM67.18 million
from RM66.7 million in the same period last year. Revenue rose to RM272 million from RM245 million previously.

Maxwell said the increase in revenue was in line with the increase in sales
to approximately 9.1 million pairs of sports shoes during the period from 8.2
million pairs last year.

"However, the increase in sales was partly offset by a marginal fall in
average selling price of the sports shoes to RM29.87 from RM29.98 last year," it
said. -- Bernama



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