Gross profit for the quarter was $7.8 million versus $9.0 million in the year-ago period, representing gross margins of 7.7% and 9.2%, respectively. The reduction in gross margin percentage is primarily due to lower factory usage in Singapore and China and from the Company's SDI segment.Selling, general and administrative expenses decreased 5.4% to $7.5 million from $7.9 million due to the retirement of some senior employees in the first quarter last year. Pretax income was $2.9 million in the three months ended March 31, 2012, driven primarily by a $2.2 million foreign exchange gain.
Asia Pacific Wire And Cable Company Reports First Quarter 2013 Financial Results
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