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Kim Heng's Q3 profit plummets 62%

Fall in revenue and gross profit margin; group expects final quarter to fare better than Q3

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Anita Gabriel

Anita Gabriel

Published Thu, Nov 6, 2014 · 09:50 PM
Kim Heng Offshore

Singapore

LOWER revenue and poorer gross margin combined to drag down Kim Heng Offshore & Marine Holdings' third-quarter earnings.

The company, which was listed on Catalist in January this year, on Thursday posted a sharp 62 per cent fall in net profit to S$1.15 million for the July-September quarter.

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