Uchi Q1 income rises 31% to RM13mil

PETALING JAYA: Uchi Technologies Bhd’s net profit was up 30.8% to RM13.42mil for its first quarter to March 31, 2016 on the back of the strengthening US dollar against the ringgit. The improved earnings were on the back of a 19.4% jump in revenue to RM30.6mil.

Its earnings per share increased to 3.46 sen from 2.75 sen, while its cash balances also increased to RM166.86mil from RM127.69mil previously. The company had no borrowings as of the period.