The lower earnings were largely attributed to lower gross profit margin in 1Q17, which fell to 14.9% from 22.5% a year ago.
SINGAPORE (Feb 13): Nam Lee Pressed Metal Industries posts earnings of $3.2 million in 1Q, down 4.5% from $3.4 million registered in the same period a year ago.
This was despite revenue rising 1.1% to $39.5 million in 1Q17, from $39.1 million a year ago.
