It suffered from unfavourable forex movements too.
"Taking these challenges into account, Avi-Tech has achieved very respectful results with an increase in both revenue and profit, and generated higher operating cash flow,” says executive chairman and CEO Lim Eng Hong.
The company cautions that the macro-economic environment continues to face uncertainty."We remain cautiously optimistic for the financial year," says Lim.
The company plans to pay an interim dividend of 0.75 cents per share.
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Avi-Tech last traded at 27 cents.
