Juken’s turnover and profit before tax in 1HFY10 are expected to exceed S$31.0m and S$3.3m respectively, compared to S$18.6m and S$0.29m, respectively, in 1HFY09. The significant improvement in performance is mainly due to:
1) First-time contributions from stepper motors and car clock businesses acquired from Microcomponents and Zhuhai SMH Watchmaking in Mar 2010. Based on 3 mths of contribution, the Group expects this new division to record PBT of approx S$0.6m on turnover of S$5.0m for 1H10
2) The other key driver is the automotive segment. The strong growth in the PRC automotive sector and recovery in sections of the US and European automotive sectors since the 2H09 have continued in 1HFY10, resulting in better utilization rates and improved margin. Overall, turnover for the division, including the stepper motor business, is expected to grow >90% to approx S$13.0m in 1HFY10 compared to S$6.7m in 1HFY09.The Group is expected to announce its 1HFY10 results on or before 14 Aug.
No comments:
Post a Comment