Pensonic confident new product will boost earnings

  • Business
  • Saturday, 25 Nov 2006

Dixon Chew

PENANG: Pensonic Holdings Bhd expects its new product, a heating module made of carbon fibre, to boost group earnings over the next few quarters. 

Managing director Dixon Chew said the battery-operated heating module was used in heated winter clothing such as jackets, vests and gloves. 

“Apparel companies in Hong Kong have bought the heating modules from us. We are now exploring selling the heating modules to a large fast food chain in China. 

“In China, food delivery is now by bicycle. The heating modules can keep the food warm during delivery,” he said after the company EGM yesterday. 

Chew said Pensonic was also exploring selling the heating modules to the medical industry. 

“The modules can, for example, be used in heated blankets in hospitals,” he said.  

Chew said the group had so far invested about RM2mil in a research and development unit in Hong Kong that developed the heating module.  

In the first quarter ended August, Pensonic generated RM2.4mil in pre-tax profit and RM66mil in turnover, compared with RM1.1mil and RM39mil respectively for the previous corresponding period. 

Chew said exports generated RM19mil to group revenue in the first quarter, compared with RM5.5mil a year ago. 

 PENSONI :  [Stock Watch]  [News]

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