Oiltek International's Profit After Tax Up 6% in Q3
MT Newswires
Nov 11
Oiltek International's (SGX:HQU) profit after tax in the third quarter of the year grew 6.2% to 9.5 million ringgit from 9.0 million ringgit a year earlier, according to a Tuesday filing with the Singapore Exchange.
Gross profit fell 12% to 17.6 million ringgit from 19.9 million ringgit a year earlier.
Revenue declined 30% year over year to 47.4 million ringgit from 67.6 million ringgit, mainly due to a decrease in the edible and non-edible oil refinery segment.
Shares of the company were down over 1% in Tuesday trading.
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