Asian Micro Holdings reports lower losses in FY20

ASIAN Micro Holdings' net loss for the 12 months ended June 30, 2020 narrowed to S$210,000, from S$886,000 a year ago.

Revenue was 11 per cent lower year on year at about S$3.96 million, partly due to lower revenue from trading and its natural gas vehicle related businesses, while earnings per share worked out to 0.002 Singapore cent. This is compared to loss per share of 0.033 Singapore cent a year ago.

The company said that it expects the business environment to be challenging for the next 12 months due to economic uncertainties arising from the pandemic. It plans to continue to focus on operational efficiency, cost control, conserving cash and sustaining its existing businesses.

Shares in the company closed at 0.3 Singapore cent on Monday, when they were last traded.