Higher wages hit GTI bottom line
The increase in the government-set minimum wage in the garment sector and lower prices have hit the bottom line of Grand Twins International (GTI), the only company in the sector listed on the stock exchange. The company yesterday reported revenue for the year ended December 31 of $57.485 million, down $57.673 million, or 0.33 percent, from a year earlier. Net profit after tax was $1.080 million, down almost 70 percent from $3.537 million. …
May Kunmakara
http://www.khmertimeskh.com/news/23572/higher-wages-hit-gti-bottom-line/
