SP Corp's full-year profit falls 75% on higher costs

Singapore

SP CORP'S full-year net profit fell 75 per cent to S$447,000, or 1.27 Singapore cents per share, in 2017 as higher costs and expenses swallowed up a revenue increase, the listed industrial and engineering services subsidiary of Tuan Sing Holdings said on Thursday night.

Counting only continuing operations, net profit would have decreased by 62 per cent to S$966,000.