Nylex (Malaysia) Bhd registered a lower pre-tax profit of RM4.351 million for third quarter ended Feb 28, 2011, compared to RM10.116 million in the same period last year.

Its revenue eased slightly to RM295.378 million from RM295.527 million previously.

'The lower earnings were due to an oversupply situation for some of our products and more intense competition in the regional markets,' Nylex said in a filing to Bursa Malaysia, today.

For the nine months ended Feb 28, 2011, the company recorded a lower revenue of RM834.7 million, down 9.8 per cent from RM925.4 million in the previous corresponding period.

The decrease in its revenue was mainly due to lower sales contribution from the Industrial Chemical division. -- Bernama