JCY posts Q3 profit of RM25.03m

KUALA LUMPUR: Hard disk component manufacturer JCY International Bhd hopes to boost its profit by leveraging on multi-product offerings and improving efficiency through higher level of automation. The company posted a net profit of RM25.03 million for its third quarter ended June 30 2014 from a loss of RM12.83 million in the same period last year, while revenue improved 12.6 per cent to RM452.6 million from RM401.7 million a year ago. JCY executive director Datuk James Wong attributed the turnaround to higher output and improved selling prices on its large fleet of machines in a shrinking pool of competitors.

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