In line with the decrease in revenue, cost of sales was down 33.1% to $31.2 million from $46.5 million a year ago.
SINGAPORE (Nov 13): Hiap Seng Engineering announced that it has made a loss of $3.6 million in 2Q18, compared to earnings of $871,000 in 2Q17.
Revenue for the second quarter ended September came in at $30.5 million, 40.3% less than $51.1 million recorded in the same period last year, mainly due to lower recognition of plant construction revenue in the quarter.
