The group’s investment segment also recorded an impairment loss which resulted from a weaker USD as well as weaker performance from its integral cement and ready-mix concrete segment, says the group in its filing to the SGX on Tuesday.
SINGAPORE (Aug 8): Engro Corporation, the provider of building materials, reported earnings of $0.9 million for the 2Q17 ended June, down 80.5% from its earnings of $4.5 million in 2Q16.
Revenue in 2Q17 fell 6.8% to $36.5 million from $39.2 million in 2Q16 due to softer market demand from its integral cement and ready-mix concrete segment, although the impact of this was cushioned by good revenue growth in its specialty polymer business segment during the period.
