Aug 13, 2015 - Stock Name. : ACOSTEC. Date Announced. : 13 August 2015. Type. : General Announcement. Subject. : Acouste
General Announcement Company Name Stock Name Date Announced Type Subject
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Acoustech Berhad ACOSTEC 13 August 2015 General Announcement Acoustech Berhad News Article in The Malaysian Reserve dated 13 August 2015
We refer to the article which appeared in the Malaysian Reserve dated 13.08.2015 and wish to clarify as follows: “Acoustech Berhad is quietly optimistic that the business rationalisation plan being carried out will result in profitability to the Group for the financial year ending 31 December 2015. In terms of current performance, for the last quarter ended 30 June 2015, the Group was able to achieve a profit after tax of RM3.9 million due to cost savings and gain on disposal of non-performing assets. The Group is further expected to register a gain of RM2.5 million during the current financial year after it completes the disposal of excess operating assets located in Sungai Petani (the completion of the exercise was announced on 12 August 2015). Based on the above and barring any unforeseen external circumstances, the Group expects that the rationalisation exercise will yield the desired result to return the Group to modest profitability for the financial year ending 31 December 2015. Further details of the above can be found in the quarterly results for the financial period ended 30 June 2015.” This announcement is dated 13 August 2015.
