Drop at RJP Electronics

PUBLISHED : Thursday, 22 December, 1994, 12:00am
UPDATED : Thursday, 22 December, 1994, 12:00am

RJP Electronics has posted a 10 per cent drop in profit attributable to shareholders to $5.4 million for the six months to September 30, compared with $6 million for the same period last year.

Earnings per share fell from 0.97 cents to 0.79 cents; the directors did not recommend an interim dividend.

Turnover was down to $158.8 million from $193.5 million.

The company said the decline in turnover was a result of the phasing out of products with low profit margins.