As a result, cost of sales also decreased 26.1% y-o-y to $14.0 million.
Broadway Industrial Group (BIG) (SGX:B69
) has reported earnings of $3.1 million for the FY2023 ended Dec 31, 50.9% lower than its earnings of $6.3 million in FY2022.
For the full-year period, revenue decreased 26.6% y-o-y to $258.7 million as sales of hard disk drive (HDD) products came off the excessive levels seen during the pandemic era arising from component shortages and over-optimism during that period.
