Pensonic Q1 PBT surges to RM3.92m
Pensonic Holdings Bhd's pre-tax for the first quarter ended August 31, 2013 rose to RM3.92 million from RM3.47 million in
the same quarter of 2012.
Revenue increased to RM105.72 million from RM93.86 million previously.
In a filing to Bursa Malaysia today, Pensonic said the better results were due to higher sales revenue and gross profit margin, contributed by the better-margin products.
"The higher turnover in the current quarter was also due to the increase in local market demand during the Hari Raya festival and increase in export sales resulted from aggressive expansion and growth strategy carried out for overseas segment," it said.
Pensonic said looking ahead, it will continue to grow existing markets, place emphasis on cost-control and restructuring initiatives like phasing out of low-margin products and reducing corporate costs.
"The group will continue to promote and sell its products its products to overseas customers through engaging more overseas distributors and business partners, expanding overseas market footprint through acquisitions where necessary," it said.
Pensonic said it will devote efforts in research and development of new products in order to keep up with the ever-changing needs of the electrical appliances markets.-- Bernama