The weak profitability was driven by a rise in operating costs. Employee expenses increased to 24% of revenue from 20% a year earlier, manufacturing costs rose to 9% from 5%, while other expenses nearly doubled to 21% from 10%.
The weak profitability was driven by a rise in operating costs. Employee expenses increased to 24% of revenue from 20% a year earlier, manufacturing costs rose to 9% from 5%, while other expenses nearly doubled to 21% from 10%.