SUBSCRIBERS

Corporate digest

Published Sun, Aug 16, 2020 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Hiap Seng Engineering

MAINBOARD-LISTED Hiap Seng, which has applied to be placed under judicial management, posted a net profit of S$1.3 million for Q1 ended June 30, reversing from a S$2.1 million net loss a year ago.

This was mainly due to Hiap Seng receiving S$2.3 million in government grants.

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Copyright SPH Media. All rights reserved.