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Soon Lian full year net loss widens to $2.4 mil

Jude Chan
Jude Chan2/16/2017 06:16 PM GMT+08  • 2 min read
Soon Lian full year net loss widens to $2.4 mil
SINGAPORE (Feb 16): Soon Lian Holdings posts a net loss of $2.4 million for the full year ended Dec 31, 2016, sinking further into the red from a net loss of $1.9 million a year ago.
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SINGAPORE (Feb 16): Soon Lian Holdings posts a net loss of $2.4 million for the full year ended Dec 31, 2016, sinking further into the red from a net loss of $1.9 million a year ago.

Full year revenue fell 17.9% to $34.2 million, from $41.6 million in FY2015.

This was mainly due to a decrease in sales to customers in the marine industry as well as to stockists and traders, partially offset by an increase in sales to customers in the precision engineering industry.

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