White Horse Bhd's pre-tax profit for the third quarter ended September 30 2011, dropped to RM15.528 million from RM24.845 million recorded in the same period last year.
Revenue declined to RM131.118 million from RM139.337 million previously.
In a filing to Bursa Malaysia today, White Horse said the drop in pre-tax profit was mainly due to the higher production cost coupled with the reduced revenue for the current quarter.
For the nine-month period, the company's pre-tax profit slipped to RM50.701 million from RM63.477 million last year on revenues of RM389.215 million and RM394.076 million respectively.
The company anticipates more encouraging results for the next quarter in view of the additional production capacity rolled out in the second half of this year, coupled with the continuous market demand. -- Bernama
Revenue declined to RM131.118 million from RM139.337 million previously.
In a filing to Bursa Malaysia today, White Horse said the drop in pre-tax profit was mainly due to the higher production cost coupled with the reduced revenue for the current quarter.
For the nine-month period, the company's pre-tax profit slipped to RM50.701 million from RM63.477 million last year on revenues of RM389.215 million and RM394.076 million respectively.
The company anticipates more encouraging results for the next quarter in view of the additional production capacity rolled out in the second half of this year, coupled with the continuous market demand. -- Bernama
