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Cheung Woh posts Q3 loss amid higher cost of sales

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Nisha Ramchandani

Nisha Ramchandani

Published Mon, Jan 8, 2018 · 09:50 PM
Cheung Woh

Singapore

HARD disk drive manufacturer Cheung Woh Technologies sank into the red with a net loss of S$449,000 for the third quarter of financial year 2018, compared to a profit of S$264,000 in Q3FY17, as gross profit margins came under pressure.

Turnover edged up 5.8 per cent year-on-year to around S$21.55 million, bolstered by higher sales in the hard disk drive (HDD) components segment.

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