The group which manufactures and sells garments and flexible plastic packaging goods and corrugated cartons, also saw a 7.8% quarter-on-quarter drop in revenue to RM269.1mil mainly due to lower garment sale orders.
PETALING JAYA: Magni-Tech Industries Bhd
posted a 22.1% quarter-on-quarter drop in net profit to RM20.84mil for the second quarter ended Oct 31, mainly due to the negative impact of the Covid-19 pandemic, and and higher foreign exchange losses.
The group which manufactures and sells garments and flexible plastic packaging goods and corrugated cartons, also saw a 7.8% quarter-on-quarter drop in revenue to RM269.1mil mainly due to lower garment sale orders.
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