SAMCHEM Holdings Bhd, which made its debut on Bursa Malaysia early this year, has announced a pre-tax profit of RM4.773 million on revenue of RM80.604 million for its third quarter ended Sept 30, 2009. For the nine-month period, the industrial chemical distributor posted a pre-tax profit of RM13.533 million on revenue of RM215.368 million. Revenue in third quarter was an increase of RM6.91 million or 9.4 per cent from RM73.69 million in the preceding quarter, mainly due to increase in demand for the group's products, Samchem said. However, the profit was 4.98 per cent lower due to higher administrative and selling expenses, it said. Samchem said barring unforeseen circumstances, it remained positive with the group's prospects for the remaining periods of the financial year ending Dec 31, 2009. - BERNAMA
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