Uchi Tech warns of lower revenue due to Covid-19


KUALA LUMPUR: Uchi Technologies Bhd has issued a warning that it expects a “low double-digit revenue in US dollar” in the current financial year ending Dec 31,2020 as the Covid-19 fallout is wreaking havoc globally.

In an announcement to Bursa Malaysia on Thursday it said the lower revenue would be when comparing with FY2019 as its customers had reduced their demand due to the fallout from the Covid-19.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Uchi Tech , warning , revenue , impact

   

Next In Business News

Trading ideas: Axiata, Mega First, Vstecs, Pharmaniaga, Sarawak Cable, Paragon Globe, CIMB, IHH, Ni Hsin
Thai business group cuts 2024 GDP growth forecast
TotalEnergies mulls moving listing to Wall St
Rig dearth aggravates Indonesia’s declining oil and gas production
Optimistic growth prospects for Focus Point Holdings
Epsom sees more student enrolment from UK
SC: Planners should give sound financial advice
China’s surging industrial loans aren’t going to its factories
Japan’s helping hand in BoE June rate cut window
Carsome turns Ebitda positive in 1Q24 on business scale

Others Also Read