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Listco News: Catalist

Santak Expects Profit Turnaround in 6MFY2011

Santak Holdings Limited on Tuesday announced it expects to report a net profit for the six months ending 31 December 2010 (6MFY2011) following its preliminary assessment of its performance for the period.

The group said the turnaround from a net loss a year earlier is mainly due to significantly higher revenue and better gross margin achieved following increased mass production for precision engineering projects during the review period.

Santak will disclose its unaudited consolidated financial results for 6MFY2011 on or before mid-February 2011.