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Global Invacom's 3Q earnings down 1.6% to $937,000 on lower revenue

Samantha Chiew
Samantha Chiew11/9/2017 08:08 AM GMT+08  • 2 min read
Global Invacom's 3Q earnings down 1.6% to $937,000 on lower revenue
SINGAPORE (Nov 9): Global Invacom announced that 3Q17 earnings decreased 1.6% to US$ 687,000 ($937,000) compared to US$ 698,000 in 3Q16, ropelled by efficiencies following a restructuring of its China manufacturing operations.
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SINGAPORE (Nov 9): Global Invacom announced that 3Q17 earnings decreased 1.6% to US$ 687,000 ($937,000) compared to US$ 698,000 in 3Q16, ropelled by efficiencies following a restructuring of its China manufacturing operations.

Revenue for the third quarter ended September decreased 11% to US$ 28.5 million from US$ 32.1 million the previous year.

Although it managed to retain key customers in the consolidation of its operations in China, the Contract Manufacturing segment showed a US$3.2 million reduction in sales for this period.

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