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Pan United posts $24.1 mil earnings for FY16

Gwyneth Yeo
Gwyneth Yeo2/10/2017 08:19 AM GMT+08  • 2 min read
Pan United posts $24.1 mil earnings for FY16
SINGAPORE (Feb 10): Pan United has reported earnings of $24.1 million for FY16, a marginal decrease from the earnings of $24.2 million in FY15.
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SINGAPORE (Feb 10): Pan United has reported earnings of $24.1 million for FY16, a marginal decrease from the earnings of $24.2 million in FY15.

For the year to December, revenue fell 12% to $704.3 million, as revenue from the concrete and cement (C&C) division fell 14% to $577.6 million, on the back of lower prices in ready mixed concrete (RMC) and cement.

However, the C&C segment continued to be profitable, with segmental earnings of $10.7 million.

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