Cheung Woh Technologies has posted a net loss of $1.24 million for the nine months ended Nov 30, 2011 from a profit of $14.53 million a year ago.
Revenue fell 1% to $109.12 million from $110.26 million, as sales of HDD related components fell 21.5% and sales precision metal stamping components fell 30.9%.
The company said that sales in the third quarter were ‘significantly lower’ than a year ago as several of its major customers were severely affected by the floods in Thailand.
No comments:
Post a Comment