Pandemic and travel curbs hit Datasonic Q2 earnings

TheStar Fri, Nov 27, 2020 02:26pm - 3 years View Original


KUALA LUMPUR: Smartcards and passport supplier Datasonic Group Bhd said the Covid-19 pandemic and the international travel curb have impacted its business, contributing to lower revenue and profits in the second quarter ended Sept 30.

Net profit fell 46% to RM7.5mil from RM13.86mil a year ago.

Revenue declined to RM43.7mil compared with RM63.5mil previously.

"The existing phases of the Movement Control Orders implemented in Malaysia since March 18 as a result of the coronavirus outbreak particularly on the issue of international travel, is expected to have an impact on the Group's operations," it said.

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