Sanichi Technology Berhad reported consolidated unaudited earnings results for the second quarter and six months ended December 31, 2015. For the quarter, the company reported revenue of MYR 6,117,000 against MYR 11,627,000 a year ago. Profit from operations was MYR 848,000 against MYR 2,247,000 a year ago. Profit before taxation was MYR 792,000 against MYR 1,808,000 a year ago. Income attributable to owners of the parent was MYR 792,000 or 0.1 sen per diluted share against MYR 1,808,000 or 0.2 sen per diluted share a year ago.

For the six months, the company reported revenue of MYR 11,371,000 against MYR 16,524,000 a year ago. Profit from operations was MYR 2,313,000 against MYR 2,716,000 a year ago. Profit before taxation was MYR 2,216,000 against MYR 2,093,000 a year ago. Income attributable to owners of the parent was MYR 2,216,000 or 0.2 sen per diluted share against MYR 2,093,000 or 0.2 sen per diluted share a year ago. Net cash used in operating activities was MYR 5,497,000 against MYR 18,411,000 a year ago. Purchase of plant and equipment was MYR 860,000 against MYR 9,956,000 a year ago. Net assets per share attributable to owners of the parent as at December 31, 2015 were MYR 0.12. The main reason for the group's lower performance in revenue for the year to date was mainly due to lower demand from the Euro market as compared to the preceding corresponding period. Profit from operations however, increased partly due to higher contribution from other operating income which includes unrealized gains on foreign exchange of MYR 0.646 million.

Barring any unforeseen circumstances, the Board expects the group's performance to be satisfactory for the financial year ending June 30, 2017.