Sunningdale Tech's Q1 net profit down 49.3%

SINGAPORE - Plastic parts manufacturer Sunningdale Tech posted a 49.3 per cent slump in its first-quarter net profit to S$3.6 million on Monday (Apr 25).

Revenue for the three months to Mar 31 inched up 4.4 per cent to S$161.3 million, compared with the same period a year earlier. This was on the back of organic growth, with more orders from current customers and projects.

Quarterly earnings per share was 1.92 Singapore cents, down from 3.8 cents a year ago.

Net asset value per share was S$1.77 as at Mar 31, unchanged as at Dec 31 last year.

rachaelb@sph.com.sg