Tuesday, November 15, 2016


Innotek: Swung into 3Q16 net profit of $5m (3Q15: $3.5m loss), lifted by a turnaround to profitability for JV Mansfield Group on reduced operating costs and increased automation via technology.However, revenue slipped 4.8% to $55.8m on reduced sales from precision components and tooling due to lower demand for office automation and consumer products.Group expects to record an operating profit for 2H16.

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