MANUFACTURER Miyoshi on Tuesday posted a net loss of S$314,000 for its first quarter ended Nov 30, compared to a net profit of S$4.3 million a year ago.
Revenue dipped 3.5 per cent to S$14 million from S$14.5 million a year ago, mainly due to lower sales orders from the data storage and automotive segments in China and the Philippines. This was partially offset by higher revenue from the consumer electronics segment and higher rental income from the renewed tenancy agreement for its investment properties in the Philippines.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: