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BH Global reverses back to profitability in 1H

Samantha Chiew
Samantha Chiew7/26/2017 11:29 PM GMT+08  • 2 min read
BH Global reverses back to profitability in 1H
SINGAPORE (July 26): BH Global posted earnings of $282,000 for the 1H17 ended June, compared to a loss of $39,000 a year ago.
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SINGAPORE (July 26): BH Global posted earnings of $282,000 for the 1H17 ended June, compared to a loss of $39,000 a year ago.

1H revenue fell 33% to $16.8 million in 1H17 due to slowdown in activities in the marine and offshore sectors as a results of weak shipping markets and low oil prices.

Sales of Marine cables and accessories fell 58% to $7.3 million but this was offset by a 9% increase in sales of Lamps and other equipment to $3.2 million.

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