Technics O&G

Technics O&G: 2QFY14 recorded a net loss of $228,000 (2QFY13 net profit: $101,000), while revenue was 73% higher at $14.1m, due to increased contributions from subsidiaries. That said, bottom line was weighed primarily by a 20ppt slump in gross margins to 33%, and an 89% fall from associate’s contributions.