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Home / Capital / Results

Double whammy slashes Penguin International's 1H earnings in half

Results

Double whammy slashes Penguin International's 1H earnings in half

Samantha Chiew Published on Thu, Aug 06, 2020 / 7:06 PM GMT+8

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Penguin International saw its 1H20 earnings slashed by half to $3.9 million from $8.4 million in 1H19, as it was negatively affected by the Covid-19 pandemic and weak oil prices.

Revenue for the period dipped 26.2% to $50.1 million from $67.9 million a year ago

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