You are here

Hyflux Q3 net profit down 55%

Wednesday, November 5, 2014 - 22:10

ALhyflux0511.jpg
Water treatment firm Hyflux Ltd on Wednesday said net profit for its third quarter fell 55 per cent on weaker sales.

WATER treatment firm Hyflux Ltd on Wednesday said net profit for its third quarter fell 55 per cent on weaker sales.

Net profit for the three months ended Sept 30, 2014 stood at S$11.3 million, down from S$25.3 million a year ago.

Revenue dropped 46 per cent to S$101 million, which reflected "the timing of projects commencement" in the year, Hyflux said.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom