SINGAPORE (May 15): Yongnam Holdings reported losses of $4.6 million for the 1Q ended March, sinking deeper into the red from losses of $1.5 million a year ago.

1Q18 revenue tumbled 40.9% to $54.1 million, from $91.5 million a year ago, due mainly to lower contribution from the group’s Structural Steelworks business.

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