http://www.thestar.com.my/Business/Business-News/2015/01/26/Pensonic-plans-new-business-model-It-will-market-latest-power-bank-device-under-the-fonebud-brand/?style=biz

KUALA LUMPUR: Pensonic Holdings Bhd recorded its best net profit in more than five years in the financial year ended May 31, 2015, thanks mainly to the gain from a property disposal.

What boosted the company's entire year’s earnings was the net profit of RM12.595mil achieved in the final quarter (Q4), which contrast to the net loss of RM1.641mil a year earlier.

Announcing its unaudited quarterly results to Bursa Malaysia, the electrical and electronic appliance maker said this was on the back of a 3.6% year-on-year growth in revenue to RM92.899mil.

The strong bottom line performance in Q4 was largely due to recognition of RM8.4mil financial gain from the disposal of its Penang land, along with the warehouse and office erected on it. This lifted Pensonic’s whole-year earnings to RM17.577mil -- more than six times the profit of RM2.871mil attained in the previous year.

The company’s annual net profit did not exceed RM4mil in the financial years of 2010 to 2014.

On its prospects, Pensonic said it anticipated that competition would remain intense.

“The group will continue explore new market, product innovation, maintaining excellent customer relationship, placing emphasis in cost control, inventory management and overhead cost rationalisation.

“In line with the group’s effort in expanding emerging markets, the group carries on to promote and distribute its products to overseas customers through engaging more overseas distributors and business partners,” it said.

Pensonic said the group continued to devote efforts in research and development of new products in order to keep up with the ever-changing needs of the electrical appliances markets.

“Given our extensive experience in the industry, the board believes that the group can overcome the temporary challenges in the market and remain competitive for the coming period,” it added.

Pensonic shares rose 2.5 sen to close at 52.5 sen on Friday.