PETALING JAYA: China Stationery Ltd’s net profit plunged 90% to RM4.89mil for its third quarter ended Sept 30 compared with RM50.74mil a year earlier, mainly due to lower sales volume for plastic tape printers and economic slowdown in the global market.
Earnings were also affected due to a fire incident, which occurred last April, where no production and sale on non-patented products were recorded in the second and third quarters, respectively.
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