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Hiap Seng Engineering sinks into the red in 3Q on lower revenue

Stanislaus Jude Chan
Stanislaus Jude Chan2/7/2018 05:36 PM GMT+08  • 2 min read
Hiap Seng Engineering sinks into the red in 3Q on lower revenue
SINGAPORE (Feb 7): Hiap Seng Engineering posts a net loss of $7.0 million for the 3Q ended December, compared to earnings of $0.9 million a year ago.
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SINGAPORE (Feb 7): Hiap Seng Engineering posts a net loss of $7.0 million for the 3Q ended December, compared to earnings of $0.9 million a year ago.

Turnover fell 38.4% to $20.3 million in 3Q18, from $33.0 million a year ago, on the back of a decrease in plant construction revenue.

Hiap Seng has an outstanding order book of $93 million as at Feb 7, 2018.

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