Pantech 3Q net profit falls as Covid-19 dents sales to O&G customers
KUALA LUMPUR (Jan 21): Pantech Group Holdings Bhd, which supplies pipes and valves the oil and gas (O&G) industry, said today third quarter net profit fell 14.8% to RM8.75 million from RM10.27 million a year earlier as revenue dropped partly due to a decrease in sales of the company’s products to O&G customers at a time when the industry contended with the impact of the Covid-19 pandemic.
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