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Article: Acoustech expects to maintain net profit on cost cuts
- Article from:
- New Straits Times
- Article date:
- September 20, 2008
- Author:
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Rupinder Singh
New Straits Times
09-20-2008
Acoustech expects to maintain net profit on cost cuts
Byline: Rupinder Singh
Edition: Main/Lifestyle
Section: Business Times
Type: Company
MAIN board-listed Acoustech Bhd expects to maintain net profit this year with various cost-cutting measures put in place to mitigate rising operating costs.
The company posted RM15.1 million in net profit for the year ended March 30 2008, down 10.5 per cent from the year before.
Part of the reason for the dip was that the group's business had to grapple with the impact of rising operating costs brought about by the escalating fuel prices and the continuing strengthening of the ringgit against the US dollar.
"We ...