CWT Limited on Wednesday reported a 6 per cent decline in year-on-year net
profit despite a 66 per cent increase in revenue for the fiscal second quarter
ended June 30.Net profit attributable to shareholders came in at $18.13 million, as the rise in turnover to a record $1.73 billion was outweighed by a 70 per cent rise in cost of sales to $1.67 billion from a year ago.
Earnings per share for the quarter were 3.02 cents, down from 3.22 cents a year earlier.
Half-year profit dipped one per cent year on year to $45.09 million, on the back of a record $3.21 billion turnover, representing a 52 per cent rise from a year ago.
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