maintenance support

IPS Securex reports narrowing of 3Q losses to $0.2 mil

SINGAPORE (May 8): IPS Securex has posted a narrowing of 3Q losses to $0.2 million, which is half of its 3Q17 loss of $0.4 million a year ago due to lower expenses and a tax write-back.

Revenue for the quarter fell 4.4% to $2.3 million from $2.4 million previously due to reduced contributions from the security solutions business, offset in part by higher revenue from the maintenance and leasing business.

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