SINGAPORE (May 18): GSS Energy reported a 36.1% fall in 1Q18 earnings to $0.67 million from $1.05 million in 1Q17, on the back of higher expenses.
Revenue was 12.4% higher at $24.4 million from $21.7 million a year ago, entirely contributed by the group’s precision engineering (PE) business.
This brought 1Q18 gross profit to $5.69 million, 11.9% higher than $5.09 million last year.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
