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MTQ reverses out of the red with 1Q earnings of $0.8 mil

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
MTQ reverses out of the red with 1Q earnings of $0.8 mil
SINGAPORE (July 23): Engineering, maintenance and subsea services group MTQ Corporation has reported earnings of $0.8 million for the 1Q20 ended June, reversing out of a loss of $3.5 million in the corresponding quarter last year.
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SINGAPORE (July 23): Engineering, maintenance and subsea services group MTQ Corporation has reported earnings of $0.8 million for the 1Q20 ended June, reversing out of a loss of $3.5 million in the corresponding quarter last year.

Earnings per share (EPS) rose to 0.35 cents for 1Q20, compared to loss per share of 1.71 cents in 1Q19.

1Q20 revenue jumped 59% to $38.5 million, from $24.3 million a year ago.

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