SINGAPORE (May 6): Sunningdale Tech, the precision plastic manufacturer, reported 1Q2020 earnings of $2.4 million, up 205.3%. 

Excluding the impact from foreign exchange, retrenchment costs, and other items, Sunningdale’s core net profit would have been $0.3 million for 1Q20, down 86.3% y-o-y.

This decline in core net profit was mainly due to lower utilisation of its China and Malaysia plants due to COVID-19 control measures undertaken by governments.

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