Aztech's net profit crashed 44.7% to $1m in Q2

Blame it on the marine and offshore slowdown.

Aztech Group reported that its net profit crashed 44.7% year-on-year to $1m in the second quarter.

This was due to lower revenue from its Marine and Material Supply segment in the midst of a slowdown in marine and offshore market.

Aztech reported that its overall financial position of the Group remained healthy with current ratio of 1.2 and cash and bank balances of $31.5m.

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