Tech players report lower earnings

For the full year, Inari

PETALING JAYA: Technology players Malaysian Pacific Industries Bhd (MPI) and Inari Amertron Bhd have reported lower earnings for the second quarter of their financial year ending June 30, 2019 (2Q19), amid reports of a sharp decline in global smartphone sales.

During the quarter in review, MPI saw its net profit falling 4.8% to RM39.2mil from RM41.2mil in the previous corresponding quarter. Consequently, the group’s earnings per share (EPS) fell to 20.64 sen from 21.69 sen previously.