Cheung Woh sinks into the red with $0.45 mil 3Q loss

SINGAPORE (Jan 8): Cheung Woh Technologies reversed into losses of $0.45 million for 3Q18 due to higher cost of sales and losses from associate companies.

For the 3Q18 ended November, the group recorded a 5.9% increase in turnover to $21.5 million from $20.4 million.

This was due to higher sales in the group’s HDD components segment which increased by 9.3% q-o-q.

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