PETALING JAYA: Globetronics Technology Bhd
net profit for the third quarter (Q3) ended Sept 30, 2021 dropped 9.8% year-on-year to RM16.3mil while revenue decreased 15.1% to RM55.66mil.
Globetronics said in a filing with Bursa Malaysia that the lower net profit was mainly due to reduced volume loading from certain customers and a drop in economy of scale.
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