MAINBOARD-LISTED mineral and resources company Abterra saw a net loss of S$1.39 million for the second quarter ended June 30, widening from a year-ago loss of S$611,000, it announced on Wednesday.
This came on the back of revenue plunging 84 per cent to S$9.76 million, down from S$61.1 million in the year-ago period. The fall in revenue was mainly due to a decrease in coke and coal prices, said Abterra. Its revenue for the period came mainly from its 51-per-cent-owned China unit Tianjin Belong Faith Energy Minerals Co.
With the latest quarter's figures, profit attributable to owners was S$162,000 for the first half of the year, reversing from a loss of S$383,000 in the year-ago period.Loss per share for the second quarter was 0.47 Singapore cent, compared with 0.21 cent a year ago.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Allied Tech posts Q2 net loss of S$1.8m, reverses year-ago profitALLIED Technologies on Tuesday reported a reversal into the red - a S$1.8 million second-quarter net loss for the three months ended June 30, compared to a slight profit of S$635,000 a year ago. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Allied Tech posts Q2 net loss of S$1.8m, reverses year-ago profitALLIED Technologies on Tuesday reported a reversal into the red - a S$1.8 million second-quarter net loss for the three months ended June 30, compared to a slight profit of S$635,000 a year ago. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
OKP Q2 net profit more than doubles despite revenue slideOKP Holdings on Tuesday reported that its net profit more than doubled from a year ago to S$278,000, despite revenue falling 29 per cent to S$19.4 million for its second quarter ended June 30, 2019. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Cosco Q2 net profit slides 30% amid expansion drive in MalaysiaMAINBOARD-LISTED Cosco Shipping International (Singapore) on Tuesday announced its second-quarter net profit fell 30 per cent to S$1.7 million, alongside a new appointment and acquisitions. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
UMS posts 44% slide in Q2 net profit on trade tensions, falling pricesGLOBAL trade tensions and tough market conditions continued to affect the performance of mainboard-listed UMS Holdings. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Best World Q2 earnings treble to S$26.8m on revenue surge, higher marginsBEST World, whose business dealings are being investigated by the Singapore Exchange (SGX), on Tuesday reported second-quarter net profit nearly trebling to S$26.8 million from S$9.1 million a year ago on a surge in revenue and higher gross margins. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »