KUALA LUMPUR: Pecca Group Bhd
’s net profit for the third quarter ended March 31 (3Q) rose marginally to RM8.09mil from RM8.05mil a 12 months in the past.
Revenue for the quarter confirmed a 7.42% improve to RM45.65mil from RM42.5mil in the identical interval final 12 months.
The automotive leather-based upholstery maker mentioned the improved efficiency was primarily on account of greater income from the automotive section.
For the present quarter, the group’s income was pushed by leather-based upholstery, leather-based minimize items provide and the healthcare division which contributed roughly 83%, 7% and 5% of the whole income respectively.
In the primary 9 months to March 31, Pecca posted a net profit of RM14.6mil, down 24% from RM19.2mil beforehand in tandem with the 1.27% fall in income to RM113.64mil in opposition to RM115.11mil a 12 months in the past.
Managing director Datuk Kelvin Teoh Hwa Cheng mentioned: “Most of our major customers are also seeing a promising year ahead, and have increased production levels to expedite vehicle deliveries to customers. Despite the challenges, the outlook for the coming quarter shall be positive given the situation is improving.”
Meanwhile, the income generated from the healthcare section in Q3 was decrease at RM2.38mil as in comparison with RM5.88mil posted within the previous 12 months’s quarter.
The group mentioned that this was primarily on account of a lower in gross sales whereas the brand new agent develops a unique approach for market penetration.
“The group expects the demand for PPE products to sustain as medical-grade masks and other mask varieties will continue to be a necessary part of daily life for much of the foreseeable future. Although the government has relaxed rules for the usage of face masks outdoors, it is still strongly encouraged to wear face masks, especially in crowded areas.
“In view that it is still mandatory to wear facemasks indoors, the group does not foresee a severe impact on the face masks business,” Teoh mentioned.
