Aztech Global's Revenue Drops Sequentially in Q3 Amid Competition

MT Newswires10-27 20:09

Aztech Global (SGX:8AZ) reported revenue of SG$80.4 million for the third quarter, compared to SG$86.7 million in the preceding quarter.

The drop is attributable to lower sales volumes from existing customers amid high competition. The decrease was partially offset by contributions from newly onboarded customers, according to a Tuesday filing.

The IoT devices and data-communication products maker expects to remain profitable in financial year 2026, barring unforeseen circumstances.

It plans to commercialize contracted projects, secure new customers and strengthen its Intelligent Lighting and Vision Technology businesses, the filing said.

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