Eng Teknologi Holdings Bhd's pre-tax profit increased four per cent to RM51.3 million for the financial year ended Dec 31, 2010 from RM49.2 million in the previous year.

Its revenue rose 17 per cent to RM557.3 million from RM474.9 million previously.

In a filing to Bursa Malaysia today, it said the results were the highest ever achieved by the company as global hard disk drive (HDD) demand improved during the year.

However, for the fourth quarter ended Dec 31, 2010, the company's pre-tax profit dropped by 58 per cent to RM9.6 million from RM22.8 million in the same quarter of 2009. Revenue declined to RM136.5 million from RM143.1 million previously.

The company said business during the period was difficult with
adverse foreign exchange rates impacts and product price erosions.

The consequence was a significant drop in margin achieved, it added. Nevertheless, the company said it looked to further growth this year with plans to increase market share in all its business sectors. -- Bernama