Cost of sales also decreased by 12.8% to $0.92 million from $1.06 million a year ago.
SINGAPORE (Apr 25): Hwa Hong, the investment holding company whose subsidiaries are engaged in property investment and development, saw first quarter earnings ended Mar 31 fall 78.4% to $0.69 million in 1Q18, compared to $3.22 million in 1Q17.
Group revenue dropped 10.5% to $2.60 million from $2.91 million a year ago, mainly due to lower contribution from its investments segment, but partially offset by higher contribution from its rental segment.
