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Classic Scenic to remain profitable this year

Posted on: June 11, 2009

Bernama – Wednesday, June 10

KUALA LUMPUR, June 10 (Bernama) — Classic Scenic Bhd, a premium wooden picture frame moulding manufacturer expects to remain profitable this year, despite the challenging operating environment.

Its executive director Lim Chee Hwa said business in the second quarter had been improving, in line with the positive signs in the global economy.

“Our business bottomed out in the first quarter. The orders in the second quarter have been improving and we expect the remaining quarters to further improve,” he told reporters after the company’s annual general meeting here today.

Lim said the company was also actively improving operational efficiency while coming up with new innovative products, to enable it to compete effectively in the global market.

Classic Scenic posted a total revenue of RM47.4 million for the financial year ended Dec 31, 2008, a 17 percent drop from 2007’s RM57.3 million. This was mainly attributed to a lesser sales revenue from its major export markets.

The company managed to record a pre-tax profit of RM8.2 million from the RM13.2 million previously.

Its products are exported to 13 countries including the United States, Australia, Norway, Canada, Japan, New Zealand, Belgium, the United Arab Emirates (UAE), China, Singapore, Germany, Hong Kong and Sri Lanka.

Going forward, Classic Scenic plans to enter the United Kingdom and European markets. — BERNAMA



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