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Article: Abric to see 40pc revenue growth
- Article from:
- The Malay Mail
- Article date:
- June 6, 2005
- Author:
CopyrightCopyright 2005 The Malay Mail. Provided by ProQuest LLC. (Hide copyright information)
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ABRIC Bhd, a seal maker may see its revenue grow by as much as 40
per
cent, because of firmer orders for its security seal products,
people
familiar with the operations of the company said yesterday.
For the financial year ended December 31 2004, Abric's net sales
grew
by nearly 70 per cent to RM37.2 million from RM26.2 million in
2003.
In 2004, Abric returned to the black after suffering two years of
losses, while for the first three months of 2005, net sales grew
by 45.67
per cent to RM12.25 million from RM8.41 million in the same period
a year
ago.
Sales growth in the first quarter was helped by a one-year
contract
worth RM5 million, and a three-year contract worth RM6 million, to
supply
...