PSC announces financial statement and dividend announcement for 3Q of FY2010
PSC is pleased to announce its results for the third quarter of FY2010 today.
The Group achieved a turnover of $97.08 million in the third quarter of 2010 (Q3 2010) as compared to a turnover of $87.62 million in the same quarter of 2009 (Q3 2009). This increase of 10.8% was mainly contributed by the packaging operation in China, as well as, the Consumer Business in Singapore and Mayalsia.
Despite the higher turnover, gross profit for Q3 2010 dipped by 11.9% to $20.22 million from $22.96 million in the previous corresponding period. This was mainly due to the disposal of media subsidiaries, change in product mix and higher raw material costs in 2010.
Net profit of the Group in Q3 2010 was at $3.08 million, a 38.1% decrease from $4.97 million recorded in Q3 2009. Net profit attributable to shareholders was $2.31 million for Q3 2010 as compared to $3.66 million.
For more information, please go to Financial Relations.