Success Transformer Corp Bhd
which has been hogging the gainers’ list this week hopes to start reaping some profit from its 65%-controlled unit, Seremban Engineering Bhd (SEB), from financial year ending Dec 31, 2016 (FY16) onwards even as the latter continues to reel from the effects of a cost over-run from one of its Sabah-based projects at the moment.
As for the current FY15, Success, which makes electrical products like LED lighting, transformers and automative battery chargers for various industries, is expecting to turn in a “consistent” financial performance – at best – amid the gloomy economic environment which has an effect on the demand for its products, its general manager (finance) Wong Wai Hung says.
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