JCY posts lower pre-tax profit

JCY International Bhd's pre-tax profit for the financial year ended Sept 30, 2011, fell to RM14.723 million from RM180.619
million previously. Revenue for the 12-month period was also down to RM1.671 billion from RM2.033 billion in the last financial year.

In a filing to Bursa Malaysia today, the company said for its fourth quarter ended Sept 30, it recorded a pre-tax profit of RM26.4 million versus a pre-tax loss of RM31.8 million, last year.

Revenue for the quarter was also up 11.3 per cent to RM439.917 million from RM474.708 million in the last fiscal year.

"The recent devastating floods in Thailand affected a number of hard disk drive (HDD) vendors and component suppliers, resulting in a global shortage of HDD supply.


"JCY's factory in Saraburi, Thailand, was fortunate to have avoided the flooding and able to maintain its production at full capacity," the company said.

JCY International added that barring any unforeseen circumstances and factors beyond its control within the HDD supply chain, the company is optimistic that an improvement in the HDD average selling price (ASP) and opportunity to capture additional global market share due to the worldwide shortage of HDD components, will enable the group to achieve a favourable result for the coming quarters. -- Bernama

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