Corporate digest

Rotary Engineering

REACHING completion on some major projects led to a sharp drop in earnings for oil and gas engineering services provider Rotary Engineering in its first quarter.

Net profit for the three months ended March 31 plunged 93 per cent to S$524,000, on the back of a 28 per cent dive in revenue to S$64.55 million from the previous year, Rotary said in a Singapore Exchan…