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Ryobi Kiso 3Q earnings fall by 60% to $0.1 mil

Jude Chan
Jude Chan5/9/2017 07:09 PM GMT+08  • 1 min read
Ryobi Kiso 3Q earnings fall by 60% to $0.1 mil
SINGAPORE (May 9): Ryobi Kiso Holdings posted earnings of $106,000 for the third quarter ended March, a decline of 59.7% compared to earnings of $263,000 a year ago.
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SINGAPORE (May 9): Ryobi Kiso Holdings posted earnings of $106,000 for the third quarter ended March, a decline of 59.7% compared to earnings of $263,000 a year ago.

This was mainly due to decrease in revenue and higher cost incurred for certain projects during the quarter.

Revenue fell 6.3% to $39.6 million in 3Q17, from $42.2 million a year ago.

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