Aztech Global Shares Fall as Q3 Profit Plunges 56%

MT Newswires

2024/10/30

Aztech Global's (SGX:8AZ) third-quarter net profit dropped nearly 56% year over year to SG$13.7 million from SG$30.9 million, according to a filing with the Singapore Exchange on Tuesday.

Earnings per share fell to SG$0.0178 from SG$0.04 in the year-ago period.

Revenue declined 41.2% year over year to SG$166.7 million from SG$283.4 million as customer orders decreased.

Shares of the technology company slumped nearly 17% in recent trading.

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