This was due to lower gross profit margin, higher administrative expenses, higher tax expense and an exchange loss $0.4 million during the quarter.
SINGAPORE (Aug 12): InnoTek reported 2Q17 earnings of $0.5 million, $1.8 million lower than the earnings of $2.3 million in 2Q16.
The weaker bottomline was the result of wholly-owned precision metal components manufacturer Mansfield Group recording a profit of $0.8 million in 2Q17, $1.6 million lower than 2Q16.
