MAINBOARD-LISTED consumer electronics maker CDW Holding on Wednesday posted a loss attributable to owners of US$818,000 for the second quarter ended June 30, more than four times the US$188,000 loss in the year-ago period.
Administrative expenses, the largest category of expenses, narrowed marginally to S$4.42 million from S$4.43 million previously. But distribution expenses and share of losses of associates both rose. In order to mitigate the risk of US tariffs on products made in China,"which will adversely affect the group's performance", CDW will be opening a new factory in the Philippines to benefit from the proximity to its customers who also have factories there.
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