Hiap Seng narrows Q2 losses, to undergo restructuring
Singapore
HIAP Seng Engineering narrowed its losses to S$8.5 million from S$22.3 million for the second quarter ended Sept 30, on the back of higher revenue and lower operating costs.
Turnover rose 35.2 per cent to S$36.2 million, mainly owing to higher recognition of revenue. Hiap Seng is a service provider of mechanical engineering, plant fabrication and installation, and plant maintenance to the oil and gas, petrochemical and pharmaceutical industries.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention