SINGAPORE (May 10): PEC reported third quarter earnings dropped 59% to $1.27 million in 3Q18 from $3.10 million in 3Q17.
Revenue for the quarter came in at $95.6 million, 14% lower than $110.9 million last year.
As cost of sales dropped 20% to $74.5 million, gross profit for 3Q18 stood at $21.1 million, 22% higher than $17.3 million a year ago.
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