Friday 29 Mar 2024
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KUALA LUMPUR (Feb 12): Shares in Ipoh-based electronics manufacturing company Salutica Bhd slipped 4.17% at mid-morning today after its net profit for its second quarter ended Dec 31, 2017 (2QFY18) fell 43.3% to RM6.01 million from RM10.61 million a year ago, due to a change in product mix, and higher costs.

At 10.35am, Salutica fell 4 sen to 92 sen with 300,400 shares traded.

Quarterly revenue fell 3.6% to RM87.55 million from RM90.8 million in the prior year's corresponding quarter. Earnings per share stood at 1.55 sen compared with 2.73 sen in 2QFY17.

The company declared a third interim single-tier dividend of 0.6 sen per share, payable on March 15.

In the first half of the financial year (1HFY18), Salutica turned in a net profit of RM12.47 million, down 22.7% from RM16.13 million previously, due to the same reasons for its quarterly earnings decline.

Cumulative revenue, however, was up 4.6% to RM171.35 million from RM163.86 million, contributed mainly by the sale of bluetooth headsets.

 

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