CSC Holdings in the red in Q4 FY15
ENGINEERING solutions provider CSC Holdings chalked up a net loss of S$9.03 million for the fourth quarter ended March 31, 2015, against a net profit of S$533,000 a year ago, due in part to impairment losses on plant and equipment.
This is against a 3.4 per cent rise year on year in revenue to S$115.03 million while loss per share came to 0.75 Singapore cent. In the corresponding quarter a year prior, earnings per share were 0.04 Singapore cent.
For the full year, CSC reported a net loss of S$16.7 million, sinking into the red from a profit of S$2.98 million. Revenue was lower by 12.2 per cent to S$427.93 million, reflecting the challenging operating environment, as demand from the private sector was weak following the implementation of property cooling measures. Public residential demand also eased considerably during the year, it added.
As at May 25, the group's order book stood at about S$210 million.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Latest Singapore 6-month T-bill offering cut-off yield of 3.74%
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Nissan, Mazda roll out new models for China as they aim for comeback
South Korea readies new system to detect illegal short-selling
Axiata, Sinar Mas move closer to US$3.5 billion telco merger
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials