Weak global demand for smartphones hits Globetronic Q1 earnings


Looking ahead, Globetronics said that based on customer forecast, it expects the group

KUALA LUMPUR: Electronic components maker Globetronics Technology Bhd posted a steep drop in first quarter earnings as demand for mobile and smartphone devices slumped.

Net profit in the three months ended March 31 fell 86% to RM3.1mil compared with RM22mil made a year earlier.

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