PENSONIC Holdings Bhd is looking at mergers and acquisitions to grow its business locally and globally.
Pensonic chief executive officer and group managing director Dixon Chew said local and foreign small and medium-sized firms could be potential targets as it looks to serve a wider range of customers.
"We will try to identify both local and overseas companies to acquire them as part of our key growth strategy," he told reporters after the company's annual shareholders' meeting yesterday.
Penang-based Pensonic, which is one of lead companies for the government's Economic Transformation Programme, is setting up a manufacturing hub and international distribution network for electrical home appliances.
Read more: Pensonic on the prowl for M&As http://www.btimes.com.my/Current_News/BTIMES/articles/zonik/Article/#ixzz1elm8VExo
For its year ending May 31 2011, the company recorded a gross profit of RM60 million, up 14 per cent from the previous financial year.
Gross profit margin rose to 20 per cent from 17 per cent in 2010 while turnover for its overseas segment increased from RM35 million to RM60 million.
Read more: Pensonic on the prowl for M&As http://www.btimes.com.my/Current_News/BTIMES/articles/zonik/Article/#ixzz1elmCo0Li
Pensonic chief executive officer and group managing director Dixon Chew said local and foreign small and medium-sized firms could be potential targets as it looks to serve a wider range of customers.
"We will try to identify both local and overseas companies to acquire them as part of our key growth strategy," he told reporters after the company's annual shareholders' meeting yesterday.
Penang-based Pensonic, which is one of lead companies for the government's Economic Transformation Programme, is setting up a manufacturing hub and international distribution network for electrical home appliances.
Read more: Pensonic on the prowl for M&As http://www.btimes.com.my/Current_News/BTIMES/articles/zonik/Article/#ixzz1elm8VExo
For its year ending May 31 2011, the company recorded a gross profit of RM60 million, up 14 per cent from the previous financial year.
Gross profit margin rose to 20 per cent from 17 per cent in 2010 while turnover for its overseas segment increased from RM35 million to RM60 million.
Read more: Pensonic on the prowl for M&As http://www.btimes.com.my/Current_News/BTIMES/articles/zonik/Article/#ixzz1elmCo0Li
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