Aztech Global's net profit drops 55.7% in Q3

Blame it on higher depreciation and net foreign exchange loss.

Aztech Global recorded a net profit drop of 55.7% quarter-on-quarter (QoQ) to $13.7m in the third quarter of the year, according to its financial statement.

The company said this was caused by higher depreciation and net foreign exchange loss.

Its revenue also decreased by 41.2% QoQ, standing at $166.7m due to lower order volume from customers.

Basic and diluted earnings per share stood at 1.78 cents, a 55.5% QoQ decrease from last year's 4.00 cents.

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