Home Capital Results

CMC Infocomm narrows losses to $0.4 mil in 1H on lower expenses

Jude Chan
Jude Chan1/11/2017 08:28 PM GMT+08  • 1 min read
CMC Infocomm narrows losses to $0.4 mil in 1H on lower expenses
SINGAPORE (Jan 11): CMC Infocomm posted losses of $416,000 in 1H17, improving from a loss of $1.6 million a year ago.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Jan 11): CMC Infocomm posted losses of $416,000 in 1H17, improving from a loss of $1.6 million a year ago.

Other operating expenses fell 74.5% to $0.3 million, from $1.3 million in the corresponding period last year. This was mainly due to mainly due to the absence of IPO-related expenses which was incurred in 1H16.

Cost of sales decreased by 8.7% to $5.7 million in 1H17, from $6.2 million in 1H16.

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)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.