InnoTek's Attributable Profit Slumps 64% in H1; Shares Plunge 9%
MT Newswires08-14
InnoTek's (SGX:M14) attributable profit to owners during the first half of the year fell by 64% to SG$145,000 from SG$405,000 a year earlier, according to a Thursday filing with the Singapore Exchange.
Earnings per share came in at SG$0.0006 compared with SG$0.0018 in the year-ago period.
Revenue declined 3% year over year to SG$99.5 million from SG$102.5 million.
Shares of the precision components manufacturer were down nearly 9% in Friday trading.
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