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Hirotako posts lower Q2 pre-tax profit
by hlk Thu 18 Aug 2011, 22:05
Hirotako Holdings Bhd's pre-tax profit for the second quarter ended June 30, 2011 declined to RM17 million from RM18.7
million in the same period last year.
Turnover slipped to RM75 million from RM76.7 million previously.
In a statement to Bursa Malaysia today, Hirotako said production of motor vehicles in the second quarter was affected by the earthquake and tsunami in Japan, as well as uncertainties created by the new Hire Purchase Act.
It said the pre-tax profit was affected by higher cost and a lower
contribution from the associate company. -- Bernama
million in the same period last year.
Turnover slipped to RM75 million from RM76.7 million previously.
In a statement to Bursa Malaysia today, Hirotako said production of motor vehicles in the second quarter was affected by the earthquake and tsunami in Japan, as well as uncertainties created by the new Hire Purchase Act.
It said the pre-tax profit was affected by higher cost and a lower
contribution from the associate company. -- Bernama
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