As such, FY17 revenue fell 5.6% to $158.5 million with revenue from the compression & process equipment fabrication segment falling to $8.18 million from $24.3 million a year ago.
SINGAPORE (May 23): Hiap Seng Engineering announced a loss of $1.8 million for 4Q ended March, which brought the group’s FY17 earnings down 26.9% to $3.8 million.
Revenue for the quarter fell 37% to $35 million, mainly due to lower recognition of project revenue.
