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Huan Hsin's 3Q loss narrows 38% to $2.5 mil on lower expenses after downsizing

Michelle Zhu
Michelle Zhu • 2 min read
Huan Hsin's 3Q loss narrows 38% to $2.5 mil on lower expenses after downsizing
SINGAPORE (Nov 9): Huan Hsin Holdings, the integrated contract manufacturer of telecommunications and electronic products, saw its 3Q17 loss narrow 38% to $2.5 million from $4 million a year ago on lower expenses.  
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SINGAPORE (Nov 9): Huan Hsin Holdings, the integrated contract manufacturer of telecommunications and electronic products, saw its 3Q17 loss narrow 38% to $2.5 million from $4 million a year ago on lower expenses.

Revenue for the quarter fell 43% to $7.6 million from $13.2 million previously, in line with the group’s ongoing plans to shut down some of its loss-making plants.

Other operating income fell 82% to $0.9 million from $5 million in the previous year, mainly due to the absence of a net foreign exchange gain of $3.8 million registered in 3Q16.

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