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Baker Technology 3Q losses widen to $3.5 mil

Samantha Chiew
Samantha Chiew10/31/2017 05:48 PM GMT+08  • 1 min read
Baker Technology 3Q losses widen to $3.5 mil
SINGAPORE (Oct 31): Baker Technology saw 3Q17 losses more than double to $3.53 million from $1.48 million a year ago.
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SINGAPORE (Oct 31): Baker Technology saw 3Q17 losses more than double to $3.53 million from $1.48 million a year ago.

Revenue for the third quarter ended September saw an 84% dip to $826,000 from $5.02 million in 3Q16, mainly due to the continued weakness in the oil and gas industry.

The group recognised foreign exchange losses in 3Q17 of $849,000 compared to a gain of $682,000 the previous year, due to the weakening of the US dollar against Singapore dollar.

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