JCY International Bhd's pre-tax profit for the second quarter ended March 31, 2011 dropped to RM12.52 million from RM66.23
million in the same period last year.
Revenue also decreased to RM397.43 million from RM549.69 million previously, the company said in a filing to Bursa Malaysia today.
For the six-month period, the company's pre-tax profit fell to RM20.08 million from RM144.02 million while revenue fell to RM836.34 million from RM1.08 billion.
It said the lower revenue was due to depreciating US dollar against ringgit and lower volume of components sold for the current quarter as a result of weaking global demand for Hard Disk Drive (HDD).
The lower pre-tax was mainly due to increase in the cost of production resulting from increase in the cost of raw materials like aluminium and stainless steel and also increase in labour cost, it added.
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