Addvalue Technologies narrows Q1 loss to US$220,000
Singapore
NET loss for Addvalue Technologies narrowed to about US$220,000 in the fiscal first quarter ended June 30 from a net loss of US$862,000 a year ago, the company announced in a Singapore Exchange (SGX) filing on Saturday.
Revenue for the communications technology products developer shrank 9.5 per cent to US$1.02 million from US$1.13 million in the corresponding period of the previous year. Addvalue attributed the decrease mainly to the delivery of some satellite communication products by the group being postponed as a result of production delays.
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