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Hai Leck 2Q earnings up 18.2% to $2.2 mil on lower expenses

Jude Chan
Jude Chan • 1 min read
Hai Leck 2Q earnings up 18.2% to $2.2 mil on lower expenses
SINGAPORE (Feb 8): Hai Leck Holdings saw earnings grow 18.2% to $2.2 million in 2Q, from $1.9 million a year ago, on the back of lower expenses.
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SINGAPORE (Feb 8): Hai Leck Holdings saw earnings grow 18.2% to $2.2 million in 2Q, from $1.9 million a year ago, on the back of lower expenses.

This is despite the provider of engineering, scaffolding and corrosion prevention services in the petrochemical industry posting 18.8% lower revenue of $22.4 million in 2Q, from $27.5 million in the same quarter a year ago.

Cost of sales fell 20.6% to $10.0 million in the quarter ended Dec 31, 2016, compared to $12.6 million a year ago.

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