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Accumulate on GSS Energy's current price weakness: RHB

Samantha Chiew
Samantha Chiew5/18/2018 11:16 AM GMT+08  • 3 min read
Accumulate on GSS Energy's current price weakness: RHB
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.
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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.

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