Hiap Seng Engineering Ltd Reports Audited Consolidated Earnings Results for the Financial Year Ended 31 March 2018
July 11, 2018 at 07:03 pm EDT
Hiap Seng Engineering Ltd. reported audited consolidated earnings results for the financial year ended 31 March 2018. For the year, the company reported revenue of SGD 109,377,000 against SGD 158,523,000 a year ago. Loss before income tax was SGD 19,071,000 against profit of SGD 1,532,000 a year ago. Loss attributable to equity holders of the company was SGD 18,852,000 against profit of SGD 2,472,000 a year ago. Net cash used in operating activities was SGD 6,357,000 against net cash provided by operating activities of SGD 2,157,000 a year ago. Purchases of property, plant and equipment was SGD 2,858,000 against SGD 2,539,000 a year ago. Loss per share for profit attributable to equity holders of the Company was 6.1 cents per share against earnings of 0.81 cents per share a year ago.