Uchi Q3 earnings at RM23.7mil

TheStar Thu, Nov 26, 2020 08:30am - 3 years View Original


UCHI Technologies said the decrease in revenue was mainly due to lower sales volume as a consequence of unfavourable global economic conditions and the impact of the Covid-19 pandemic.

PETALING JAYA: Uchi Technologies Bhd’s net profit rose to RM23.72mil in the third quarter ended Sept 30, from RM23.03mil in the same period last year.

Revenue for the quarter decreased to RM40.42mil from RM42.95mil previously, the company said in a filing with Bursa Malaysia.

It said the decrease in revenue was mainly due to lower sales volume as a consequence of unfavourable global economic conditions and the impact of the Covid-19 pandemic.

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