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Thursday, August 28, 2014

Salcon was pushed into the red (Edge)

Salcon Bhd was pushed into the red in its second quarter ended June 30, 2014 (2QFY14), with a loss of RM4.73 million against a net profit of RM1.32 million a year ago.

This was despite a 122.1% year-on-year increase in its revenue to RM33.27 million, from RM14.98 million.

Nevertheless, for the first half of the financial year 2014 (1HFY14), Salcon's net profit rose more than twofold to RM11.66 million, from RM3.74 million recorded in 1HFY13.

Revenue climbed to RM73.7 million — a 43.97% increased from RM51.19 million for the same period last year.

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