In an SGX filing on Monday, Acromec says it “was faced with executional difficulties and complexities for its major projects” and the resultant escalation of costs. It reports that it has since substantially completed these projects in HY2017.
SINGAPORE (May 8): Acromec posted a net loss of $2.4 million in 1H17 ended March, from earnings of $1.6 million a year ago.
Revenue in the half-year period fell 10% to $21.0 million, from $23.2 million a year ago.
