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ecoWise 3Q losses widen despite higher revenue

PC Lee
PC Lee • 1 min read
ecoWise 3Q losses widen despite higher revenue
SINGAPORE (Sept 14): ecoWise Holdings saw 3Q17 losses widen to $154,000 from $13,000 a year ago, led by higher cost of sales, share of losses from associates and jointly-controlled entities and administrative expenses.
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SINGAPORE (Sept 14): ecoWise Holdings saw 3Q17 losses widen to $154,000 from $13,000 a year ago, led by higher cost of sales, share of losses from associates and jointly-controlled entities and administrative expenses.

Revenue rose 4.3% to $14.5 million mainly due to higher revenue recorded by the group’s renewable energy segment and integrated environmental management solutions segment.

This was due to an increase in ISO tank heating for recurring clients, increase in electrical and heat energy consumed by Gardens by the Bay and increase in revenue from technical support services rendered.

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