SINGAPORE (May 14): First Resources reported 1Q18 earnings declined 42.8% to US$27.7 million ($37.0 million) from US$48.5 million in 1Q17.

Group revenue for the first quarter ended March was 30.2% lower at US$135.6 million from US$194.1 million last year, reflecting the combined effects of lower sales volumes and average selling prices.

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