Wednesday, May 25, 2011

Aapico warns of Q2 tsunami impact


The SET-listed automotive parts maker Aapico Hitech Plc (AH) forecast its revenue this year will fall short of the original target of 13 billion baht as second-quarter financial results will be seriously hit by the recent disaster in Japan.

Chairman and chief executive Yeap Swee Chuan said that in the worst-case scenario, AH's revenue this year would be on par with last year's 11.89 billion baht.

If the situation improves in the second half, this year's turnover should increase in a range of 5-10% from the level in 2010, he said.