PCCS posts RM5.9mil net profit in 4Q

PCCS Group managing director David Chan

KUALA LUMPUR: PCCS Group Bhd’s net profit fell to RM5.91mil in the fourth quarter ended March 31 against RM9.13mil in the same period a year ago.

While its net profit was lower, this was a turnaround from the loss of RM2.07mil it recorded in the preceding third quarter ended Dec 31, 2020.

Its revenue rose 9.68% to RM103.6mil in the fourth quarter ended March 31 from RM94.4mil a year ago.

For the full financial year ended March 31, PCCS posted a net profit of RM3.1mil on revenue of RM377.5mil.

In a statement, PCCS Group managing director David Chan said that the commendable fourth quarter results was because it acted fast and seized opportunities in the midst of Covid-19.

“PCCS actively arranged vaccination for all of its employees in China and Cambodia, with currently more than 70% of these employees having been vaccinated.

“This has safeguarded the company from a sudden closure of its plant in the future,” he said.

Looking ahead, Chan said that the pandemic would eventually pass, and the trade pattern of textile and clothing would gradually return to pre-pandemic levels.

“Barring unforeseen circumstances, we are confident of delivering satisfying results for our bread and butter segments.

“We are also confident in our new segments, the hire purchase and medical devices venture. We are looking forward to seeing some new contributions, particularly from the hire purchase business in the coming year.

“We look forward to delivering a better FY22 for our shareholders,” Chan said.

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