Revenue for 9M18 decreased by 10% to $68.2 million compared to $75.8 million recorded in 9M17 mainly due to lower project revenue. Cost of sales decreased by 7.9% to $35.5 million in line with the lower revenue recognised.
SINGAPORE (May 9): Hai Leck, the oil & gas civil engineering firm, reversed into a loss of $1.5 million for in 3Q18 ended March compared to a year ago on the back of a 33.2% fall in revenue to $19.3 million.
This resulted in a 61.1% drop in earnings to $2.7 million in for the nine months ended March (9M18) from $7.1 million in 9M17.
