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Baker Tech's Q3 profit falls 38% as revenue slides 74%

Nisha Ramchandani

Published Thu, Oct 29, 2015 · 09:50 PM

Singapore

BAKER Technology posted a 38 per cent drop year on year in net profit to S$2.66 million for the third quarter ended Sept 30, in line with lower revenue. Revenue fell sharply from S$21.11 million to S$5.56 million, down 74 per cent, on the back of a slowdown in the oil and gas industry.

Earnings per share for the quarter came to 0.26 Singapore cent, down from 0.48 cent a year ago.

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