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Allied Tech says it expects net loss for Q2, first-half of year

CATALIST-LISTED precision metal stamping manufacturer Allied Tech said on Wednesday that it expects to report a net loss for the second quarter and first half ended June 30.

The group said: "This is mainly due to declining gross profit margin arising from the challenging business environment in light of the uncertain global economic outlook."

Allied Tech will announce its financial results on or before Aug 14.

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