Home Capital Results

Pan-United posts 21% rise in 3Q earnings to $7.3 mil

PC Lee
PC Lee11/4/2016 08:30 AM GMT+08  • 1 min read
Pan-United posts 21% rise in 3Q earnings to $7.3 mil
SINGAPORE (Nov 4): Pan-United Corp recorded a 21% rise in 3Q earnings to $7.25 million from a year ago on lower costs and expenses.
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 (Nov 4): Pan-United Corp recorded a 21% rise in 3Q earnings to $7.25 million from a year ago on lower costs and expenses.

Revenue fell 16% to $175.04 million, partly due to softer demand and selling prices for ready-mixed concrete and cement in Singapore but raw materials, subcontract cost and other direct costs also fell 21% to $132.4 million.

Other expenses and finance costs also fell 19% and 17% respectively to $11.5 million and $2.9 million respectively.

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