Adventa registers net profit in Q3

PETALING JAYA: Adventa Bhd has registered a net profit of RM34,000 in the third quarter (Q3) ended July 31, 2017, compared with a net loss of RM456,000 in the previous corresponding quarter.
Revenue jumped 37% to RM10.52 million, from RM7.68 million in the same period last year.
Adventa said in Bursa Malaysia filing, the higher revenue was mainly due to bigger contribution from the group's distribution segment.
For the nine months period, its net profit declined almost 30% to RM371,000, against RM529,000 a year ago, while revenue increased 9.2% to RM32.08 million, compared with RM29.36 million previously.
On prospects, the group said it expects the current trends of growth will continue into the fourth quarter, driven by its distribution and sterilization segments. It noted that both segments see signs of improving sales from the past quarters of slow growth revenue.
To capitalize on the changing landscape in healthcare, Adventa said it has put in place new strategies to increase range of products and services.
"These initiatives shall see returns next year," it said.
As the ringgit recovers, Adventa said purchase cost from overseas shall be reduce and thus improving its margins.
"The company is optimistic that the year will be profitable and improving," it added.
Adventa gained 1.47%, to close at 69 sen with 22,500 shares traded. Its market capitalisation stood at RM105.42 million.