Translate This Page

Thursday, November 14, 2013

Sersol cuts losses in third quarter (Star)

Sersol Bhd’s latest set of financial results came in stronger, with losses for the third quarter ended Sept 30 down more than 90% to RM51mil compared with RM634mil a year ago due to the improved performance in its Thai and Malaysian coatings manufacturing subsidiaries.

Revenue for the quarter leaped 23.7% year-on-year to RM4.85mil from RM3.92mil.

In a Bursa filing, it said: “Our group will continue to maintain the current plastic coatings turnover and a slight increase in turnover is projected in the second half of 2013 as our group will expand its business from current electrical and electronic to industrial coatings. with ithe latter being the main contributor to our group turnover in the future.”

No comments: