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Avi-Tech’s 1Q earnings fall 17% to $1.5 mil on lower forex gains

Michelle Zhu
Michelle Zhu11/7/2016 06:44 PM GMT+08  • 2 min read
Avi-Tech’s 1Q earnings fall 17% to $1.5 mil on lower forex gains
SINGAPORE (Nov 7): Avi-Tech Electronics posted a 16.9% fall in 1Q17 earnings to $1.5 million from a year ago, dragged down by lower foreign exchange gains.
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SINGAPORE (Nov 7): Avi-Tech Electronics posted a 16.9% fall in 1Q17 earnings to $1.5 million from a year ago, dragged down by lower foreign exchange gains.

Other operating income had also increased by 72.4% to $0.48 million due to the higher interest income generated and gain from disposal of plant and equipment.

Revenue grew 6.3% to $8.5 million in the quarter from $8 million in 1Q16 due to higher revenue of $4.1 million from the group’s burn-in board manufacturing and PCBA services business segment.

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