Ecomate Sees 79% Net Profit Decline in Q3
Ecomate Sees 79% Net Profit Decline in Q3
Ecomate Holdings Bhd reported a 78.59% decline in net profit to RM258,000 for its In the third quarter ended November 30, 2023 (Q324) due to the decrease to lower revenue, higher operating costs, and the implementation of a 45-hour working week.
Ecomate Holdings Bhd報告稱，截至2023年11月30日的第三季度（第324季度），其淨利潤下降了78.59％，至25.8萬令吉，這是由於收入減少、運營成本增加以及每週工作45小時的實施而減少。
Revenue in the quarter fell 6.36% to RM12.33 million due to reduced sales volume in the domestic market and Australasia amid weakening furniture spending.
由於傢俱支出疲軟，國內市場和大洋洲的銷量減少，該季度的收入下降了6.36％，至1,233萬令吉。
For the first nine months of FY2024, net profit dropped 71.84% to RM1.35 million, and revenue fell 13.77% to RM34.3 million.
在 FY2024 的前九個月中，淨利潤下降了71.84％，至135萬令吉，收入下降了13.77％，至3,430萬令吉。
Ecomate plans to focus on enhancing manufacturing efficiency, increasing capacity, and constructing a new factory in 2024.
Ecomate計劃專注於提高製造效率，增加產能，並在2024年建造新工廠。
Despite challenging export market conditions, the company anticipates potential recovery if the US reduces interest rates in 2024.
儘管出口市場條件艱難，但該公司預計，如果美國在2024年降低利率，可能會出現復甦。
Ecomate's shares closed up 0.66% at 76 sen today, resulting in a market capitalisation of RM272.1 million.
Ecomate的股價今天收盤上漲0.66％，至76仙，市值爲2.721億令吉。
譯文內容由第三人軟體翻譯。