Innopac Q4 loss widens to S$2.1m on rising costs

Singapore

INVESTMENT holding company Innopac Holdings' net loss for the fourth quarter ended June 30 widened to S$2.1 million from S$446,000 a year ago, on declining revenue and rising other expenses and staff costs.

Loss per share for the year to June 30 stood at 0.04 Singapore cent, from 0.19 Singapore cent a year ago. No dividend has been declared for the quarter, unchanged from a year ago.