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The decrease in profitability was mainly due to
foreign exchange losses stemming from the strengthening of the Malaysian Ringgit. In addition,
the prior year's quarter included the recognition of an approved refund on indirect tax, which
further impacted the comparative performance.
FPI largest customer is sony us, Flextronic San Luis & Yamaha US... If high us tariff firmed (25%), then most likely end customer will switch supplier. >90% of FPI sales will be affected.
Clouds are everywhere now, the future prospect of FPI only can be decided after final us tariff announced.
