Yongnam's FY19 net loss widens to S$53.1m
Contributory factors include impairment charge on a trade receivable, operational restructuring costs
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Singapore
YONGNAM Holdings on Friday posted a net loss of S$53.1 million for the year ended Dec 31, widening from a net loss of S$51 million a year earlier.
An impairment charge on a trade receivable, operational restructuring costs and loss on disposal of strutting assets contributed to the higher loss, which would have been about S$19.6 million less if those items were excluded.
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