Bursa Alert
Global Market
NewsNotion VTec expects earnings to recover from slowdown
Page 1 of 1
Notion VTec expects earnings to recover from slowdown
by hlk Thu 24 Nov 2011, 18:09
KUALA LUMPUR (Nov 24): Hard disk drive (HDD) parts maker Notion VTec is confident that its earnings will recover following an expected slowdown in the current quarter.
Its chairman and executive director Thoo Chow said: “Our business model has continued to be robust, we should be able to recover over the next three quarters,”
In the fourth quarter ended Sept 30, it recorded net profit of RM12.49 million, up 44.5% from RM8.64 million a year ago. It revenue rose 20.2% to RM61.96 million from RM51.55 million.
For the financial year ended Sept 30, its earnings rose 23.3% to RM46.86 million from RM38 million a year ago.
However, Notion VTec expected revenue is expected to be 45% lower in the first quarter ended Dec 31, 2011 due to disruptions from the severe flooding in Thailand.
Its chairman and executive director Thoo Chow said: “Our business model has continued to be robust, we should be able to recover over the next three quarters,”
In the fourth quarter ended Sept 30, it recorded net profit of RM12.49 million, up 44.5% from RM8.64 million a year ago. It revenue rose 20.2% to RM61.96 million from RM51.55 million.
For the financial year ended Sept 30, its earnings rose 23.3% to RM46.86 million from RM38 million a year ago.
However, Notion VTec expected revenue is expected to be 45% lower in the first quarter ended Dec 31, 2011 due to disruptions from the severe flooding in Thailand.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Eye on stock - NOTION VTEC
» Notion VTec’s silver bet
» Stock With Momentum: Notion VTec
» Silver lining for Notion VTec
» Stock With Momentum: Notion Vtec
» Notion VTec’s silver bet
» Stock With Momentum: Notion VTec
» Silver lining for Notion VTec
» Stock With Momentum: Notion Vtec
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|