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AEI Corp posts net loss of $3.5 mil in 1H17

Stanislaus Jude Chan
Stanislaus Jude Chan8/8/2017 05:40 PM GMT+08  • 1 min read
AEI Corp posts net loss of $3.5 mil in 1H17
SINGAPORE (Aug 8): AEI Corporation posted marginally higher net loss of $3.5 million for the 1H17 ended June from the net loss of $3.4 million a year ago.
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SINGAPORE (Aug 8): AEI Corporation posted marginally higher net loss of $3.5 million for the 1H17 ended June from the net loss of $3.4 million a year ago.

Revenue fell 24.7% to $4.7 million in 1H17 from $6.2 million a year ago.

This was mainly due to continued lacklustre demand from hard disk drive (HDD) markets worldwide as well as intensified pricing competition from overseas suppliers.

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