Hence, gross profit for the quarter came in at $8.14 million, 38.2% higher than $5.88 million a year ago.
SINGAPORE (Feb 12): Nam Lee Pressed Metal Industries on Friday announced that its 1Q18 earnings increased 26.3% to $4.03 million compared to $3.19 million in 1Q17 as the research house likes its positive business outlook, strong balance sheet and high yield.
Revenue was 27.8% higher at $50.5 million from $39.5 million last year, while cost of sales increased 26% to $42.4 million.
