Logo of Phnom Penh Post newspaper Phnom Penh Post - Garment maker GTI posts falling numbers

Garment maker GTI posts falling numbers

Garment maker GTI posts falling numbers

Taiwanese-owned garment manufacturer Grand Twins International (GTI) posted a 0.88 percent drop in revenue for the second quarter this year that led to net profits plummeting by 54 percent compared to the same period last year, according to a release on Cambodia Securities Exchange yesterday.

Revenue for the second quarter amounted to $24.8 million, down $220,000, with net profit falling by $1.1 million to $928,170. Meanwhile, half-year performance showed revenues increasing overall to $42.3 million with net profit at $1.2 million, nearly $2.4 million less than the company made during the first six months in 2016.

The company’s share price remained unchanged yesterday at 4,080 riel ($0.99) with no trading activity.

MOST VIEWED

  • Tragedy as four lions devour teenager in Pakistan safari park

    In a horrifying incident at an animal park in the Pakistani city of Lahore, four lions killed a 17-year-old grass reaper. However, how Muhammad Bilal Hussain managed to get near the lions was yet to be ascertained. Safari officials said Hussain climbed a 3.7m high

  • Hun Sen asks Cambodians to believe in government

    Prime Minister Hun Sen on Monday asked citizens and investors to trust that the government will overcome the challenges brought about by Covid-19 and the loss of the EU’s Everything But Arms (EBA) scheme. Speaking to reporters at the Peace Palace in Phnom Penh,

  • Gloom hits Siem Reap tourism

    As the Kingdom’s overall tourism sector continued to grow last year, industry insiders in Siem Reap have expressed their deep concerns, citing a sharp drop in Chinese arrivals to the province beginning late last month. Cambodia earned $4.91 billion in international tourism revenue last year,

  • Westerdam passenger ‘never had’ Covid-19

    The US Centres for Disease Control and Prevention (CDC) said the US citizen that allegedly tested positive in Malaysia after travelling on the Westerdam was never infected with Covid-19 in the first place. In an article published in the newspaper USA Today on Friday, CDC

  • ‘Ghost staff’ found, $1.7M returned to state coffers

    The Ministry of Civil Service said more than seven billion riel ($1.7 million) in salaries for civil servants was returned to the state last year after it discovered that the books had been cooked to pay ‘ghost officials’. This is despite claims by the Ministry of

  • Woman wanted for killing own son

    Police in Phnom Penh’s Meanchey district are on the lookout for a woman who allegedly hacked her son to death on Sunday in Stung Meanchey III commune. District police chief Meng Vimeandara identified the son as Chan Sokhom, 32. “The offender can’t escape forever.