Not including this one-time gain as well as the results of PNE Print prior to its disposal, the group’s net profit from continuing operations actually grew 17.0%, compared to $8.8 million a year ago.
SINGAPORE (Nov 27): PNE Industries, the manufacturer and trader of electronic and electrical appliances, posted a 36.3% decline in earnings to $10.3 million for the full year ended September, from $16.2 million a year ago.
This was mainly due to the absence of a one-off gain of $6.7 million in a year ago on disposal of the group’s former subsidiary, PNE Print Technology Co.
