Magni-Tech web revenue slips to RM26.68mil in 3Q

KUALA LUMPUR: Magni-Tech Industries Bhd‘s web revenue for the third quarter ended Jan 31, 2022, slipped to RM26.68 million from RM48.95 million chalked in the identical interval a yr in the past.

Income for the interval underneath evaluate decreased by 15 per cent to RM312.83 million from RM367.82 million a yr in the past.

In a submitting with Bursa Malaysia at the moment, the corporate stated over 95 per cent of its Vietnam garment workforce has been absolutely vaccinated with double doses of COVID-19 vaccines, and manufacturing capability at 93 per cent following the suspension of operations/strict lockdown in the course of the 2.5 months ending on Sept 30, 2021.

“In view of the unpredictable menace of the COVID-19 Omicron variant, the monetary efficiency of the group for the remaining quarter of the monetary yr (FY) 2022 is anticipated to be more difficult than that of the equal quarter of FY2021,” it added. – Bernama


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