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Miyoshi Back In The Black For 3Q15
Daily Bulletin | 06 July 2015
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For the third quarter ended 31 May 2015, Miyoshi reported a 5.4 percent rise in revenue to $13.5 million, underpinned by new and increased orders from customers in the photo imaging business. Consequently, the group turned the corner to record $0.8 million in earnings in 3Q15.

For the nine-month period, net profit slipped 9.5 percent to $3.1 million, in tandem with a 26.7 percent fall in turnover to $41.6 million. The lower top line was due mainly to the dilution of shareholding interest and subsequent disposal of principal subsidiary, Giken Sakata (Singapore).

The firm noted that its focus on managing costs and improving productivity has begun to yield results. It is said to be benefitting from a more optimal product mix that yields stronger margins. However, the group’s operating landscape remains challenging as a result of competitive pressures in the integrated engineering services industry.

Miyoshi  0.035 -0.003 -7.89%   
Business: Integrated metal-stamped precision parts specialist. [FY18 Turnover] Data storage (25.3%), consumer electronics (37.4%), automotive & others (37.3%).

Insight: Apr-19, 1H19 revenue rose 2.9% largely due to an i... Read More


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