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The weaker quarter was mainly due to project delays that reduced revenue, while fixed operating costs remained high, squeezing margins. Earnings were further impacted by one-off ACE Market listing expenses, foreign exchange losses, and additional customer support costs related to machine modifications and warranty work
That one-off listing cost plus the project delay really whack the bottom line hard this time. Just need to monitor if the margins can recover once these extra support and fix-up expenses start to clear up next quarter.
