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Yongnam's 1Q losses widen to $4.6 mil on lower revenue

Stanislaus Jude Chan
Stanislaus Jude Chan5/15/2018 06:24 PM GMT+08  • 1 min read
Yongnam's 1Q losses widen to $4.6 mil on lower revenue
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.
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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.

The decline was due to the substantial completion of Senoko Food Hub and Jewel Changi Airport projects at the end of FY17.

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