Amos sets out to run a tight ship
It is right sizing and selling off old inventory, hiring 'new talent', building up the sales team and expanding capabilities and capacity.
Anita Gabriel
NINE months since the emergence of Amos Group on the Singapore Exchange following a nearly S$50 million reverse takeover of marine transportation supplier Amos International Holdings by struggling oil and gas contractor Gaylin Holdings - an exercise led by common controlling owners - a great deal of work has been done.
Yet, it still needs to grind away because profits remain elusive as gleaned from its latest quarter ended March this year, capping four straight fiscal years of losses.
"We have made it through the past months by actively cleaning up the business", says Amos chief executive Perry Kennedy. By that, he means right sizing and selling off old inventory - a legacy of Gaylin - hiring "new talent", building up the sales team and expanding capabilities and capacity.
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