Globetronics outlook firm despite profit drop

PETALING JAYA: Despite netting lower earnings in the third quarter (3Q22), Globetronics Technology Bhd’s long-term prospects remain intact.

The tech company’s net profit for 3Q22 ended Sept 30 slipped to RM12.78mil from RM16.27mil in the previous corresponding period as revenue dipped to RM46.03mil from RM55.66mil a year earlier.