Wong Engineering earnings weighed by lower sales


The manufacturer of high precision stamped and turned metal parts told Bursa Malaysia that its earnings declined to RM373,000 as compared to RM3.87mil a year earlier.

PETALING JAYA: Wong Engineering Corp Bhd’s net profit slumped by over 90% year-on-year (y-o-y) in the fourth quarter ended Oct 31 after its manufacturing business slipped into losses due to lower sales.

The manufacturer of high precision stamped and turned metal parts told Bursa Malaysia that its earnings declined to RM373,000 as compared to RM3.87mil a year earlier.

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Wong Engineering Corp , earnings , lower sales , Bursa ,

   

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