This came largely due to a lower demand for security products and integrated security solutions from the Security Solutions business, as well as a delay in the commencement of a maintenance contract in the case of the Maintenance & Leasing business.
SINGAPORE (May 8): Security solutions provider IPS Securex reported 3Q ended March loss widened to $0.3 million from $0.2 million a year ago on lower revenue and higher expenses.
Revenue for 3Q fell 12.9% to $2 million compared to $2.2 million a year ago as revenue contributions from both segments declined.
