Santak braces for loss before taxation in 1H15
Due to lower margins and increased production costs.
Precision machine components manufacturer Santak Holdings has warned shareholders of a loss before taxation for the first half of FY 2015.
Santak blamed the loss on lower gross margin for its existing precision machined component products and the “significant costs” that the group is incurring for the qualification and development process of new precision machined component projects which encountered delays in the commencement of mass production ramp up in HY2015.