Despite this, revenue from Nico branded materials accounted for 18% of the group’s total revenue compared to 10.4% a year ago.
Group’s gross profit margin fell to 18.1% to 19.0%.
Other income fell 50% to US$99,000 mainly due to sales of scrap metal.
Nico Steel expects the operating environment in the electronic industry to remain challenging in the current uncertain economic conditions.
Shares of Nico Steel last traded at 0.8 cent.
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