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Yongnam sinks into 1Q net loss of $1.5 mil on lower margins, overheads

PC Lee
PC Lee • 2 min read
Yongnam sinks into 1Q net loss of $1.5 mil on lower margins, overheads
SINGAPORE (May 15): Yongnam Holdings, the structural steel supplier and engineer, sunk into a 1Q net loss of $1.5 million on lower margins and overhead costs not being fully absorbed given the group’s lower level of strutting and fabrication activities.
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