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CosmoSteel's 1Q losses widen to $2.7 mil on lower margin

Stanislaus Jude Chan
Stanislaus Jude Chan2/6/2018 06:12 PM GMT+08  • 1 min read
CosmoSteel's 1Q losses widen to $2.7 mil on lower margin
SINGAPORE (Feb 6): Piping system components distributor CosmoSteel Holdings posts a net loss of $2.7 million for the 1Q ended December, sinking deeper from a net loss of $0.9 million a year ago.
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SINGAPORE (Feb 6): Piping system components distributor CosmoSteel Holdings posts a net loss of $2.7 million for the 1Q ended December, sinking deeper from a net loss of $0.9 million a year ago.

Revenue rose 24.6% to $18.5 million in 1Q18, from $14.8 million a year ago.

The increase was mainly due to increase in revenue from customers in the Energy sector, partly offset by a decrease in revenue from the Marine and the Trading sectors.

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