PNE Industries net profit falls to $3.76m

PNE Industries Ltd yesterday said its profit for the full year ended Sept 30, 2013 fell to $3.76 million from $5.61 million a year ago.

Turnover decreased 13.2 per cent year on year to $81.86 million from $94.35 million due mainly to lower sales recorded by the trading segment.

The trading segment experienced an $8.5 million decrease in sales on the back of lower sales of the group's printing materials, offset partially by higher sales of the group's lighting products.