Rotary's Q1 profit halved to S$7m as revenue falls
Anita Gabriel
Singapore
ROTARY Engineering's net profit halved to S$7.07 million for the first quarter ended March from S$14.4 million a year ago.
The oil and gas services firm's revenue fell 55 per cent over the period to S$89.39 million which the firm attributed to the completion of major projects.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Singapore should anchor hedge fund decision-makers amid regional talent war: industry observers
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry