“With cross border business travelling allowed on a rigid, limited and conditional basis by the government, such approach has not provided the group with the optimal shipment and installation work progress required for revenue recognition, ” Pentamaster said in a filing with Bursa Malaysia yesterday.
KUALA LUMPUR: Pentamaster Corp Bhd
, an automated test equipment maker, reported a lower sales and profit the third quarter ended Sept 30, as the global travel restrictions to contain the spread of the Covid-19 pandemic delays in product shipments and site installation.
“With cross border business travelling allowed on a rigid, limited and conditional basis by the government, such approach has not provided the group with the optimal shipment and installation work progress required for revenue recognition, ” Pentamaster said in a filing with Bursa Malaysia yesterday.
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