Hyflux sinks into the red with S$25.1m Q2 loss; revenue plunges 65% to S$81.8m
Singapore
A WEAK Singapore power market and the Tuaspring Integrated Water and Power Plant, which is still classified as Held for Sale, dampened Hyflux's results for its second quarter.
The mainboard-listed company fell into the red in Q2 2017, chalking up a net loss of S$25.1 million, compared to a net profit of S$2.6 million in the year-ago period, the group said on Thursday.
TRENDING NOW
Xi Jinping has just rewritten the rules of US-China rivalry
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
In the EV race, Japan’s most dangerous rival could be closer to home than China
Wilmar, Musim Mas among palm-oil firms in Indonesia under probe for suspected export under-invoicing