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BCM Alliance FY18 earnings jump to RM8.34mil

TheStar Wed, Feb 27, 2019 10:18pm - 8 months ago


KUALA LUMPUR: BCM Alliance Bhd registered an 86% net profit growth to RM8.34mil for the financial year ended December 31, 2018 (FY18), as compared to the previous financial year.


This was mainly due to higher revenue generated from commercial laundry equipment business segment, medical devices business segment and injection of new healthcare products business segment in FY18.


   

BCM’s revenue in FY18 grew 21.5% year-on-year to RM92.55mil, attributed to the increase in revenue contribution from the medical devices segment and commercial laundry equipment segment by RM9.63mil and RM90,000, respectively.


BCM, in a Bursa Malaysia filing, said the subscription of shares in Cypress Medic Sdn Bhd was also a factor for the higher revenue for the financial year.


Going forward, BCM’s key focus areas are to set up Speed Queen self-service launderette outlets, continuously expand its existing portfolio of products and brands, as well as broaden its new customer base.


“The group is currently assessing options on the suitable locations to set up the remaining five Speed Queen outlets as planned.


“We are looking to expand our portfolio of new products and brands aggressively in 2019, to enhance future performance.


“Our management and marketing teams are working proactively to secure new customers to expand our current customer base.


“As an initiative to secure potential sales order in 2019, we provide continuous sales support to our existing customers by rendering suggestion and recommendation on any suitable device or machine, suitable upgrade, replacement and service packages to our existing customers,” said BCM.









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