Sentences with phrase «caused by narrowing margins»
Preliminary results for 2012 suggest that total assets shrank slightly to 10.1 billion forints ($ 43 million), while operating profits dropped by 6 % as a result of lower interest income caused by narrowing margins and the early repayment of foreign currency mortgages.
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The sharp year - over-year decline in Sanmina's non-GAAP EPS was caused by a narrower non-GAAP operating margin of 3.1 %, compared to 4.2 % in the year - ago quarter.