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Hong Leong Asia's 3Q losses widen 26% to $17.6 mil on higher expenses

Samantha Chiew
Samantha Chiew11/14/2017 05:51 PM GMT+08  • 3 min read
Hong Leong Asia's 3Q losses widen 26% to $17.6 mil on higher expenses
SINGAPORE (Nov 14): Hong Leong Asia saw losses in 3Q17 widened 26.2% to $17.6 million from a loss of $13.9 million in 3Q16.
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SINGAPORE (Nov 14): Hong Leong Asia saw losses in 3Q17 widened 26.2% to $17.6 million from a loss of $13.9 million in 3Q16.

Revenue for the quarter was up by 16.1% to $963.2 million from $829.8 million a year ago, mainly due to revenue growth recorded by Yuchai which was partially offset by the revenue decline of BMU and Xinfei.

Yuchai’s revenue increased by $172.3 million or 28.8% as compared to 3Q16. It sold 82,839 engines in the quarter, an increase of 25.5% or 16,826 units as compared to 66,013 units sold in 3Q16. The increase in engine sales was mainly due to the rebound in the sales of truck and off-road engines, while bus engines sales softened.

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