Turnaround for JCY International’s fortunes

KUALA LUMPUR: JCY International Bhd returned to the black with net profit at RM26.7mil for the fourth quarter Sept 30, 2014, compared with net loss of RM2.28mil a year ago.

For FY ended Sept 30, 2014, JCY reported net profit of RM120.09mil compared with net losses of RM61.61mil in FY2013. Revenue in FY14 was higher at 16.8% to RM1.868bil compared with FY13.