Cheung Woh posts Q3 loss amid higher cost of sales
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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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