Pandemic and travel curbs hit Datasonic Q2 earnings 


KUALA LUMPUR: Smartcards and passport supplier Datasonic Group Bhd said the Covid-19 pandemic and the international travel curb have impacted its business, contributing to lower revenue and profits in the second quarter ended Sept 30.

Net profit fell 46% to RM7.5mil from RM13.86mil a year ago.

Revenue declined to RM43.7mil compared with RM63.5mil previously.

"The existing phases of the Movement Control Orders implemented in Malaysia since March 18 as a result of the coronavirus outbreak particularly on the issue of international travel, is expected to have an impact on the Group's operations," it said.

"The Board expects the prospect for the coming quarters to be encouraging in line with the national economic recovery plans and new business opportunities in the areas of public security, public health and also e-commerce," it added.

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