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PEC posts 59% drop in 3Q earnings to $1.27 million

Samantha Chiew
Samantha Chiew5/10/2018 07:27 PM GMT+08  • 1 min read
PEC posts 59% drop in 3Q earnings to $1.27 million
SINGAPORE (May 10): PEC reported third quarter earnings dropped 59% to $1.27 million in 3Q18 from $3.10 million in 3Q17.
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SINGAPORE (May 10): PEC reported third quarter earnings dropped 59% to $1.27 million in 3Q18 from $3.10 million in 3Q17.

Revenue for the quarter came in at $95.6 million, 14% lower than $110.9 million last year.

As cost of sales dropped 20% to $74.5 million, gross profit for 3Q18 stood at $21.1 million, 22% higher than $17.3 million a year ago.

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