The lower turnover was mainly attributable to a drop in customers’ demand for air-combs and a transition of phasing in the manufacturing of baseplates.
SINGAPORE (Oct 9): Cheung Woh Technologies plunged into losses of $5.9 million on the back of lower revenue for the second quarter ended August, compared to earnings of $1.9 million a year ago.
The manufacturer and supplier of precision HDD components saw its revenue fall 35.4% to $14.0 million in 2Q18, from $21.7 million a year ago.
