This was mainly due to the replacement of part-time workers with full-time hires for the planned capacity expansion at Ranken, as well as certain recently-secured major infrastructure projects that remained in the early stages of construction works.
SINGAPORE (Aug 11): Sapphire Corporation posted earnings of RMB 10.5 million ($2.2 million) for the 2Q ended June, falling 23.2% from earnings of RMB 13.7 million a year ago.
Gross profit fell 15.0% to RMB 32.6 million in 2Q17, on the back of a 6 percentage point decrease in gross profit margin to 11.0%.
