PSC Corp's full-year earnings fall 83.7% to $2.3m

PSC Corporation says net profit for theFY2011 ending Dec 31, 2011 decreased 83.7% to $2.32 million from $14.24 million a year ago.

Revenue increased 5.1% to $392.84 million a year ago. However, the group incurred a $2.07 million share of loss of associates.

Consequently, earnings per share fell to 0.42 cents from 2.57 cents a year ago.