Globetronics earnings up in Q4

In a filing with Bursa Malaysia, the group said its improved net profit was also due to the adjustments made on over accrual of expenses in the quarter.

KUALA LUMPUR: Globetronics Technology Bhd’s net profit rose 6.1% to RM17.89mil in the fourth quarter ended Dec 31, 2021 from RM16.86mil a year ago, driven by better product mix.

In a filing with Bursa Malaysia, the group said its improved net profit was also due to the adjustments made on over accrual of expenses in the quarter.