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Baker Tech Q3 net down 37%
Published Wed, Nov 6, 2013 · 10:00 PM
BAKER Technology posted a 37 per cent decline in its third-quarter net profit to $3.6 million, hit by lower gross profit margins for existing projects.
A year earlier, the marine offshore equipment and services provider made a net profit of $5.7 million.
Revenue for the quarter was $20.7 million, down 5 per cent from $21.7 million the previous year. This was attributed to a slowdown in order intak…
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