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Grand Twins sees profit up despite revenue drop

| Publication date 16 November 2017 | 09:24 ICT

Grand Twins sees profit up despite revenue drop

Taiwanese-owned garment manufacturer Grand Twins International (GTI) posted a slight 2 percent decrease in total revenue for the third quarter of this year, while net profit increased by 23 percent compared to the same period last year, according to a release on Cambodia Securities Exchange yesterday.

The release showed that total revenue earned by the company amounted to $20 million, approximately $486,000 less than compared to the same period last year. Net profits increased by $240,000 during the period to reach $1.29 million.

For the first nine months of 2017, GTI’s total revenue reached $62 million – a marginal year-on-year decrease – while net profit after tax paid registered at $2.5 million, a decrease of 46 percent compared to 2016.

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