Home Capital Results

LTC Corp sinks into the red in 3Q on lower margins

Michelle Zhu
Michelle Zhu5/7/2018 05:31 PM GMT+08  • 2 min read
LTC Corp sinks into the red in 3Q on lower margins
SINGAPORE (May 7): Steel trader and property developer LTC Corporation reported a 3Q18 loss of $0.15 million compared to $1.9 million in earnings a year ago on lower margins.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (May 7): Steel trader and property developer LTC Corporation reported a 3Q18 loss of $0.15 million compared to $1.9 million in earnings a year ago on lower margins.

Revenue for the quarter fell 2.7% to $27 million from $27.7 million previously due to lower turnover for steel.

Steel turnover decreased by $0.8 million to $25.1 million in 3Q18 from $25.9 million due to lower turnover in both Malaysia and Singapore. Net operating profit for steel decreased by $0.9 million to $1.7 million from $2.6 million as there was a significantly higher surge in steel prices in 3Q17 a year ago.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now