Home Capital Results

Sunningdale Tech reports 1Q20 earnings of $2.4 million

Felicia Tan
Felicia Tan5/6/2020 06:39 PM GMT+08  • 2 min read
Sunningdale Tech reports 1Q20 earnings of $2.4 million
Sunningdale Tech, the precision plastic manufacturer, reported 1Q2020 earnings of $2.4 million, up 205.3%.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.