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报告称，截至2023年11月30日的第三季度（第324季度），其净利润下降了78.59％，至25.8万令吉，这是由于收入减少、运营成本增加以及每周工作45小时的实施而减少。
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.
由于家具支出疲软，国内市场和大洋洲的销量减少，该季度的收入下降了6.36％，至1,233万令吉。
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 的前九个月中，净利润下降了71.84％，至135万令吉，收入下降了13.77％，至3,430万令吉。
Ecomate plans to focus on enhancing manufacturing efficiency, increasing capacity, and constructing a new factory in 2024.
Ecomate计划专注于提高制造效率，增加产能，并在2024年建造新工厂。
Despite challenging export market conditions, the company anticipates potential recovery if the US reduces interest rates in 2024.
尽管出口市场条件艰难，但该公司预计，如果美国在2024年降低利率，可能会出现复苏。
Ecomate's shares closed up 0.66% at 76 sen today, resulting in a market capitalisation of RM272.1 million.
Ecomate的股价今天收盘上涨0.66％，至76仙，市值为2.721亿令吉。