Hiap Seng Engineering sinks into the red in 3Q on lower revenue

SINGAPORE (Feb 7): Hiap Seng Engineering posts a net loss of $7.0 million for the 3Q ended December, compared to earnings of $0.9 million a year ago.

Turnover fell 38.4% to $20.3 million in 3Q18, from $33.0 million a year ago, on the back of a decrease in plant construction revenue.