This was mainly due to the lower sale of steel products to the marine and oil & gas sectors due to the sustained global slump in demand.
SINGAPORE (May 5): Hupsteel has reversed out of the red in the third quarter ended March with earnings of $243,000, from a net loss of $372,000 a year ago.
Revenue in 3Q dipped 4% to $11.5 million, compared to $12.0 million a year ago.

