Aztech’s net profit down 10.7% to $5.8m in FY14

Due to a change in its business mix.

Mainboard-listed Aztech today reported that its net profit slipped 10.7% to $5.8m in FY14, on back of a change in the group’s business mix.

Its Material Supply and Marine Logistics segment contributed 39% of its total revenue in FY14, up from 31% in the previous year.

Meanwhile, its electronics segment contributing 60% to its total revenue this year, down from 68% in FY13.

“The result of dilution in gross profit margin from Material Supply and Marine Logistics segment was attributed from higher turnover contribution of Material Supply and Marine segments with a lower gross industry profit margin and the increased competition in the market in addition to the rising costs during the year,” Aztech stated.