HupSteel says the weaker topline reflected the continued state of soft demand and weak market as oil prices crumbled over last year, dragging many shipyards and offshore marine businesses into severe financial difficulties.
SINGAPORE (Aug 24): Steel stockist HupSteel has announced its FY17 earnings of $720,000 as compared to a loss of $19.1 million in FY16.
Full year revenue and rental income came in at $49.6 million, 12% lower compared to $56.4 million a year ago.
