What it should have been

In our Company Briefs on Tuesday, we said Cheung Woh Technologies posted a net profit of $32,000 in the second quarter. This is wrong. The company's net profit was $1.9 million. We also said the firm was hit by a depreciation of the Malaysian ringgit, in which its sales are denominated. Cheung Woh has clarified that sales in its hard disk drive segment are denominated in US dollars, whereas sales in the precision metal stamping are mainly denominated in Malaysian ringgit.

We are sorry for the error.

A version of this article appeared in the print edition of The Straits Times on October 13, 2016, with the headline 'What it should have been'. Print Edition | Subscribe