Business

Saturday September 19, 2009

Silver Bird Q3 profit up on lower costs


KUALA LUMPUR: Silver Bird Group Bhd registered a pre-tax profit of RM330,000 for the third quarter ended July 31, compared with a pre-tax loss of RM5.56mil in the previous corresponding period.

In an announcement on Bursa Malaysia, Silver Bird said the improved result was due to strong sales by its consumer food division and lower costs.

It said pre-tax profit, however, declined 16% compared with the preceding quarter’s RM392,000 due to the promotional activities.

Revenue fell to RM139.5mil from RM159.4mil mainly due to the 20% fall in revenue of multicom division (telecommunications business) from RM121mil to RM97mil on slowdown in the economy.

The consumer food division’s revenue rose to RM42.9mil in the third quarter from RM38.6mil in the previous corresponding period due to strong market demand, it said.

For the nine-month period, Silver Bird posted a pre-tax profit of RM825,000 compared with a pre-tax loss of RM22.56mil previously. Its revenue declined to RM444.7mil from RM476.3mil. — Bernama


SILVER : [Stock Watch] [News]

  • E-mail this story
  • Print this story