, Singapore
338 view s
Photo from Envato Elements

Aztech Global's net profit drops 55.7% in Q3

Blame it on higher depreciation and net foreign exchange loss. 

Aztech Global recorded a net profit drop of 55.7% quarter-on-quarter (QoQ) to $13.7m in the third quarter of the year, according to its financial statement. 

The company said this was caused by higher depreciation and net foreign exchange loss. 

Its revenue also decreased by 41.2% QoQ, standing at $166.7m due to lower order volume from customers. 

Basic and diluted earnings per share stood at 1.78 cents, a 55.5% QoQ decrease from last year's 4.00 cents.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!