Tek Seng ... Mar 09

Tek Seng posted over 37% jump in revenue to RM38.38mil while its pre-tax profit nearly doubled to RM3.15mil for the first quarter ended March 2008 compared with a year earlier.

For the fourth quarter ended Dec 31, Tek Seng reported pre-tax loss of RM1.17mil on revenue of RM25.87mil against a pre-tax profit of RM4.59mil on revenue of RM41.54mil in the previous corresponding period.

For the full fiscal year, the main board company showed improved revenue of RM158.44mil from RM142.38mil in 2007. Its pre-tax profit however, declined to RM9.38mil against RM13.38mil before.

Tek Seng sells its PVC flooring products to about 40 countries, with its export sales contributing about 36% to group revenue.

The group would invest about RM7.7mil this year to equip its plant in Bukit Minyak Industrial Estate with another calendering machine line to produce coloured and transparent sheets used in PVC flooring products.