Hyflux Q3 net profit down 55%

WATER treatment firm Hyflux Ltd on Wednesday said net profit for its third quarter fell 55 per cent on weaker sales.

Net profit for the three months ended Sept 30, 2014 stood at S$11.3 million, down from S$25.3 million a year ago.

Revenue dropped 46 per cent to S$101 million, which reflected "the timing of projects commencement" in the year, Hyflux said.