Aztech returns to profitability in Q3

AZTECH Group moved from a net-loss to a net-profit position for its fiscal third quarter - a performance it attributed to an improved gross profit margin, while maintaining comparable total operating expenses.

The group yesterday reported a net profit of $2.4 million for the quarter ended Sept 30, 2013, compared to a net loss of $2.3 million the year before.

Its gross profit margin came in at 13.6 per cent for the quarter, against 5.1 per cent the year before. The increase was due mainly to sustained improvement in product mix offering, operational efficiency and sourcing strategy, it said.