Friday, 27 April 2012

Pensonic posts 3Q net loss on higher operating cost

KUALA LUMPUR (April 27) : PENSONIC HOLDINGS BHD [] posted a third quarter net loss on higher as higher revenue failed to mitigate the impact of rising operating cost for the electrical and electronic appliances manufacturer.

In a statement to the exchange, Pensonic said net loss came to RM1.14 million in the quarter ended February 29, 2012 against RM896,000 a year earlier. Revenue grew 7% to RM85.08 million from RM79.65 million.

“The decrease was mainly due to lower margin recorded as a result of active promotional activities carried out and also the increases in administration, selling and distribution expenses in current quarter for future expansion,” Pensonic said.

Cumulative nine-month net profit fell 54% to RM2.24 million from RM4.86 million a year earlier although revenue rose 12% to RM258.37 million from RM230.27 million. Pensonic said it will focus on its core business to achieve stronger profit growth for the final quarter of the current financial year.

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