ecoWise narrows Q1 net loss to S$952,000

Singapore

A LOWER share of losses from its associate and jointly controlled entity enabled ecoWise Holdings to narrow its net loss to S$952,000 in its first quarter ended Jan 31, from a net loss of S$1.1 million in the previous year.

The environmental solutions company reported a share of losses of S$46,000 in the quarter, compared to S$558,000 a year ago. In its latest quarter, the net loss was mainly incurred by Chongqing eco-CTIG Rubber Technology.