ISOTeam sinks into the red with Q4 loss of S$1.99m

Singapore

CONSTRUCTION company ISOTeam has sunk into the red with a fourth-quarter net loss of S$1.99 million for the three months ended June 30, compared to a net profit of S$1.38 million a year earlier. This came on the back of rising expenses and a drop in revenue.

Loss per share stood at 0.7 Singapore cent for the quarter, versus earnings per share of 0.48 Singapore cent for the year-ago period.