You are here

WBL Q4 profit hit by car cooling moves

Net profit falls almost 50% to $8.6m, revenue down 9% to $587m
Thursday, November 14, 2013 - 06:00

CAR cooling measures in Singapore finally bit for United Engineers' (UE) subsidiary WBL Corporation, whose net profit for its fourth quarter ended Sept 30 halved to $8.6 million, from $17 million a year ago. Revenue was down 9 per cent at $587.8 million, due to lower car sales in Singapore and

Market voices on:

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

Powered by GET.comGetCom